by Christine | Jun 4, 2012 | Asset Protection, Entity Structure, Liability |
It is better to never be a general partner if one can avoid it. But if a person is going to be a general partner of a limited partnership that is either conducting any substantial business or taking investors, they had better do their own asset protection first....
by Christine | Jun 1, 2012 | Asset Protection, Insurance |
"The Wealthy" are more likely to be sued, but excess personal liability insurance doesn't have to cost a fortune. It’s safe to say that, if there’s a risk out there, there’s also an insurance underwriter somewhere dying to write a policy for it. However,...
by Christine | May 31, 2012 | Asset Protection, Community Property |
Despite [some] admitted shortcomings of Community Property Divisions, they can be a fantastic asset protection tool for those who currently have no significant debts or creditors, and have a strong and lasting relationship. In any marriage, and in any relationship,...
by Christine | May 30, 2012 | Elder Law, Filial Responsibility, Nursing Homes |
Some 30 states (including California) currently have laws making adult children responsible for their parents if their parents can't afford to take care of themselves. These “filial responsibility” laws have rarely been enforced, but six years ago when federal...
by Christine | May 29, 2012 | C Corporation, Entity Structure, Estate Planning, Inheritance, S Corporation, Small Business |
But if you have a corporation—one you formed or inherited—should it be S or C? What does this alphabet soup even mean? A business is what you make of it, and that’s not just a marketing tactic or a business school platitude. When it comes to structuring your business,...
