Threats to Successful Estate Planning Poor estate planning is a recipe for disaster. Look no further than Dickens’ Bleak House—or a telenovela—to witness the tragedy and melodrama inadequate estate planning can cause. While having successful estate planning documents prepared is the first hurdle to overcoming these types of disasters, several threats lurk around the corner…
Spendthrift Trust for Your Heirs Many tools can be used when putting together your estate plan. One such tool is trust. A trust is a fiduciary arrangement, established by a grantor or trust maker, which gives a third party (known as a trustee) the authority to manage assets on behalf of one or more persons…
Digital Assets in Your Estate Plan When you put together your estate plan, your mind was on insurance policies, real estate, and family heirlooms. You carefully thought through who to name as a guardian for your children and beneficiary of your estate. These are all important aspects of estate planning, but a thorough plan also…
Compliance with HOA Rules Living in a community with a homeowners association (HOA) can sometimes be a challenge. There are more than enough stories from homeowners detailing strict fines and difficulty dealing with board members. There are just as many stories from board members about homeowners who don’t follow the HOA rules. HOA rules exist…
Update Your Estate Plan Once you’ve established an estate plan, it’s easy to put it away in a file cabinet or lockbox where you never have to think about it again. After all, the only people who care about what’s in the documents are your heirs. Yet, that’s precisely why you have to update your…
Negotiate Your Commercial Lease Finding the right location for your business is an important factor in its success. It’s just as important to get lease terms that work in your favor. Your commercial lease is usually drafted by real estate professionals looking out for the interests of the landlord. These leases are also negotiable. Carefully…
Give Back The holiday season is a time to reflect, celebrate, and give back. It’s an opportunity to show appreciation for the people in your life and share with them your blessings—usually in the form of gifts stacked under the tree. Listening to squeals of delight as your loved ones unwrap their gifts is fun,…
Take a Look at Your Estate Plan As the holiday season approaches, you may spend a lot of time preparing for the special events and annual traditions. It takes work, but it’s worth it when you see your loved ones smile and can reflect on a job well done. As you think about your blessings,…
Rewarding Your Employees Corona business and estate planning attorney Joseph Hudack knows that deciding to retire from your business can a tough decision. To ensure that what you have built continues, there needs to be a plan for succession. For some people, they have spent years grooming a child or other family member to take…
Retirement for Business Owners Corona business and estate planning attorney Joseph Hudack knows that for many employees, saving for retirement is usually a matter of simply participating in their employer’s 401(k) plan and perhaps opening an IRA for extra savings. But, when you’re a business owner, planning for retirement requires proactivity and strategy. It’s not…