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Need Asset Protection? Lawyer Up!

An asset protection lawyer is crucial to any successful plan for protecting assets from judgments in California.  The success or failure of an asset protection plan often turns on the client’s motives for establishing the plan and the laws concerning attorney-client...

Advantages of Irrevocable Trusts for Asset Protection

Irrevocable trusts are the most popular strategy to protect assets from judgments.  Trust law allows great flexibility in the design and operation of the trust, creating significant asset protection and tax planning opportunities. Asset Protection An irrevocable trust...

New California Law Adds Personal Liability for Business Owners

A recently enacted law in California imposes personal liability on business owners for employee wage and hour violations. We have seen a wave of filings by attorney’s taking advantage of the substantial penalties, damages and simplified collection procedures available...

Searching For Your Real Estate

Anyone wishing to put together a complete picture of your assets will first locate and value any property that you own. Until recently, a comprehensive and accurate search such as this was difficult or impossible. Even six or seven years ago, there were no statewide...

How Anyone Can Find Out What You Own

How does a potential plaintiff find out whether you have enough money to make you an attractive lawsuit target? Thanks to the Internet, a lawyer can find out everything he needs to know. It’s now well understood that Internet search technology allows virtually...

S-Corps As Tax Shelters – Risks and Opportunities

In light of the new tax law, this is an updated version of the effectiveness of S-Corp tax planning.  An S-Corp has the potential to produce significant tax savings by converting “wages” into “profits”.  Under the new tax law profits from...

Expanded Theories & Removing Incentive to Sue You

In recent years, courts, state legislators, and clever trial attorneys have dramatically expanded traditional theories of negligence. As stated, negligence means a failure to exercise the proper degree of care. The question is what is the proper degree of care? How...

Negligence

Looking for Someone to Blame In addition to liability for contracts, individuals and businesses face potential lawsuits for negligence. You will be considered to be negligent if a party is injured or his property is damaged because of your failure to exercise...

Oral Contracts: An Abyss for Deep Pockets

A contract is formed any time two people make an agreement to do, or not to do something. Certain types of contracts, involving commercial transactions, must be in writing in order to be valid. But most contracts do not have to be written. A promise that you make is...

The New Deep Pockets

The new targets or the new Deep Pockets are those who have saved up some money for retirement, those who operate a successful business, and those who own a home or have some rental property with any equity. This number is a lot less now than it used to be. Real estate...