Robin Klomparens
Governor Gavin Newson is fully expected to sign Assembly Bill 5 (AB 5) into law this month and it will significantly affect any business who utilizes independent contractors in California. The Bill was passed by the California Senate on September 10th and the California Assembly on September 11th. Once signed, it will take effect January 1, […]
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READ MOREIRREVOCABLE TRUSTS Functions. An irrevocable trust can shift property value and income to: Build an educational fund for a child; Provide current income for an adult child; Provide current income for an aged parent; or Provide asset protection for others. If the beneficiaries do not have immediate access to trust funds, those funds are unavailable […]
READ MOREAB 205, as amended by AB 2580, the Domestic Partner Rights and Responsibilities Act (“Act”), was a complicated but landmark piece of legislation. This California state law, which took effect on January 1, 2005, expanded domestic partner rights to include most, but not all, rights of married couples. The legislation provided rights but also imposed […]
READ MOREThis article explains what asset protection planning is–structuring financial affairs to minimize the burden of future unforeseen liabilities–and best practices for implementing such plans. Click here to download a PDF copy of this article.
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