Yes. It is a common misconception that people with few financial assets are okay to skip estate planning. This is because there is more to estate planning than merely naming beneficiaries for your assets. There are aspects of estate planning that allow you to designate someone close to you as a decision-maker in the event you become mentally or physically incapacitated.

Without delving into the more technical intricacies, a will goes into effect only after the estate owner’s death, whereas a trust may go into effect during their lifetime. Furthermore, wills are typically subject to probate, whereas most assets in trusts are exempt. 

When the owner of an estate passes away, some assets may be subject to assessment and distribution according to California courts. This typically happens if the decedent passed away with only a will and owns property in California, or had no estate planning done and owns more than $150,000 worth of assets. If you have been named the executor of an estate that needs to be probated, we can help you complete the process.

Lane Law Group, Inc. accepts both residential and commercial real estate law cases, especially those pertaining to purchase and sale transactions.

You are not required by law to retain a real estate law attorney, but you should know that a realtor cannot dispense legal advice. Therefore, you may miss out on pertinent information that influences your purchase or sell decision due to a realtor’s lack of legal knowledge. Only a California real estate lawyer can ensure that your investment is safe and the terms agreeable.

Lane Law Group, Inc. accepts nearly all business law cases, especially those pertaining to entity formation, and contracts.

Without knowing any of the specifics of your endeavor, it is impossible to say which type of entity is most appropriate for your business. That said, we have over 30 years of experience advising business law clients and can undoubtedly dispense the legal advice you need to choose a business organizational structure if you contact our firm.

With enough notice, we are happy to arrange an off-hour meeting with you to discuss your legal issues.