Like a will, a codicil to a will is a testamentary instrument, included after the initial will is executed. Essentially, writing a codicil to a will alters or expands the provisions in a previous will.Codicils are often used to account for changes among will heirs...
A Living Trust is a revocable plan that contains your personalized special instructions for your own care and the care of your loved ones. A Living Trust is used as a vehicle to save money, create stability for your family and avoid the time and...
Tax considerations often guide the decision on whether or not to place assets in trust, and to the type of trust format used. Particularly, aspects of grantor trust taxation guide these considerations. Certain types of trust structures offer comparatively favorable grantor trust tax treatment for...
WHAT ARE THE ADVANTAGES OF A LIMITED LIABILITY COMPANY OVER AN S CORPORATION? Limited Liability Companies (LLCs) have exploded in popularity recently, even though they've been in existence for only ten years in California. In my own practice, clients are more inclined to form LLCs than...
By now, you've accomplished the first phase of your business operation: setting up your corporation, whether in the form of a C Corp, S Corp, or LLC. The articles have been filed, the company agreements signed (i.e. bylaws or operating agreement), the bank accounts opened...
