… & Business Law for the Business Owner
Isn’t there anything else that we can do? The answer is no.
When people die without estate plans, the cost and time that it takes to transfer their property to their loved can be high – very high – often causing their families to ask whether there’s anything else that they can do. Unfortunately, the answer is no: the person who died had his or her whole life to arrange his or her affairs. Now, it’s too late.
21stCentury Estate Planning
In the first part of the 20thcentury, estate planning was the process of transferring your property to your family upon your death, directing your property in the way that you wanted it to go while minimizing transfer (often known as probate) and estate taxes.
In the 21stcentury, estate planning is about more than transferring your property at death. It’s about you, too. As people live longer, longevity presents additional issues. Making sure that you have legal documents in place to manage your property and address your end-of-life health care issues is very important.
Estate Planning Documents for Individuals
Fundamental estate planning documents for individuals start with these:
- Durable Power of Attorney
- Advance Health Care Directive
- Authorizations to Release Private Health Information
- Guardianships for Minor Children
Business Owners: 5 Extra
Business owners have at least 5 extra documents and/or estate planning considerations:
- Limited Durable Power of Attorney for Business Management
- Buy-Sell Agreement
- Business Overhead Insurance
- Key Person Insurance
- Life and disability insurance to fund Buy-Sell Agreements as well as personal needs
Brian will work with you
Brian will work with you on your estate planning, advising you on all of these issues and crafting your documents.
433 N. Camden Drive, Suite 600
Beverly Hills, CA 90210-4416
This is an advertisement, a message concerning availability for professional employment within the meaning of California Rule of Professional Conduct 7.2. The information on this website is for general purposes only, and nothing on this site should be taken as legal advice for any individual case or situation. The information is not intended to create, and receipt of viewing or interacting with this website does not constitute, an attorney-client relationship. Brian is admitted to practice law in California and Pennsylvania. The information on this website is intended for viewers in California or viewers with a significant connection to California.
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