Organizations are built on people. The only true long-term competitive advantage any organization has is the people employed and working inside of it.
Now that the media has announced we are "officially" in a recession, do you think anyone you know wasn't aware of it?
Myths surrounding annuities and misconceptions about them have gained a foothold with both the general public and the media. These misconceptions stem largely from a lack of information.
The average legal client in the Santa Clarita Valley is an individual or small company. Their legal needs and economic situations differ greatly from those of the corporation, insurance company, financial, governmental or other more powerful institutions that commonly are opposing the individual consumer.
Punitive damages are damages imposed to punish certain defendants for malicious conduct, fraud or other despicable conduct. In California, punitive damages have nothing to do with compensating the victim of such conduct. Instead, they are imposed, in addition to compensatory damages, to punish the defendant for egregious or despicable wrongdoing.
If you haven't owned a primary residence for three years or more, you need to read this.
Avoiding probate is one of the major reasons (and often the only reason) that my clients give for wanting to establish an estate plan. Most of them have heard that a Living Trust can avoid the cost and delays associated with probate and allow assets to transfer to the beneficiaries without court intervention. In most cases, if the trust is properly drafted and funded (many trusts that I review are not), this is correct.
An informal survey of business owners conducted last week provided some interesting lessons learned that might be applicable to most anyone who owns or runs a business.
The current financial crisis has owners, managers and employees worried about their companies, their jobs and their futures.
Despite some recent reforms, federal and state taxes can still take a big bite out of inherited assets, including retirement plans, but there are some special circumstances.
Some people were born organized and then there are those of us who struggle with organizing every year at this time. It seems that it's always at the end of the year when that little annoying bug begins nudging you to clear things up and start the new year organized.
The credit and financial market is definitely not in good shape, so entrepreneurs may find that they must dip into their personal finances to keep the business running.
Who should have grandma's dining room table or diamond ring? How should family photos be distributed?
A cursory review of media reports nationwide in recent months revealed an alarming number of instances of costly damages to buildings due to negligence or procrastination with roof repairs. Consider:
The answer: Not likely if government doesn't overreact.
Now that I have your interest, I'll try to let you down gently.
Last week marked the end of the first half of the calendar year. It seems like January was just last week.
Starting or growing a family can be an exciting milestone in one's life. But as most experienced parents will tell you, your priorities are likely to change, and along with these changes come new expenses and responsibilities,
Being a trusted advisor is a place of honor. When you reach a certain stage in life, you are compensated not for what you do but for what you know.
With student loan debt nationwide at an estimated $1.2 trillion, homeownership for many recent and past graduates is a distant dream.
Throughout the years at the Advisory Board meetings I facilitate, I've heard a fair amount of laughter and grumbling from the business people who participate.
Jim, president of the top local IT company, came by the other day. He was not happy. He'd just been served with a complaint, alleging that he'd breached a new employee's contract, had wrongfully terminated her, and was guilty of breach of promissory estoppel (whatever that is?).
The bottom line, the profitability of a company, should matter to every employee but many owners tend to keep this information private. Owners then complain when profits are thin.
Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one.