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September 2017 Archives

What is regulatory compliance and why does it matter?

Regulatory compliance might strike some, even those Fresno County residents who have some knowledge of business law, as a relatively new legal phrase that may have limited meaning for them. Moreover, business owners may not totally understand why compliance is an important thing for them to think about as they go about growing and sustaining their businesses.

How can I prevent my kids from fighting over my estate?

You know the importance of planning your estate, but you may be at a loss about where to begin, especially if the family dynamic is less than ideal. If you have visions of your children fighting and litigating over your assets, you may be tempted to leave everything to charity and be done with it.

Putting a value on the family business

A previous post on this blog discussed the important task a personal representative of an estate faces when he or she goes to put a value on both the overall estate of a recently deceased person. Equally important is the process of putting a value on each asset or debt within the estate, particularly those assets that do not have any easily identifiable value.

Is it more difficult to contest a will or a trust?

Individuals can utilize different tools when it comes to creating an estate plan. Most California residents have heard of wills, understand that they have benefits and commonly use them as part of their estate plans. Many people also know that trusts can work as useful tools, especially for parties who want to avoid the probate process or protect assets for future generations.

Business and estate planning: Tips for successful succession

Have you caught yourself using the old adage about time flying more frequently these days? Perhaps you're a parent who describes a son's or daughter's growth spurts as blinks in time. Witnessing the growth of the business you created, launched and sustained through the years is likely similar in some ways. It's probably easy to think back to the time when your California business was a mere glimmer of a dream in your thoughts.

Overview of the asset valuation process

Although often overlooked in the midst of discussions about will contests, asset valuation is actually one of the most important parts of the probate process in California. Residents of Fresno and Fresno County who have the privilege as serving as a personal representative or executor of a loved one's estate will need to understand the basics of how to put a value on both the estate as a whole and on each item in the estate.

Do trust concerns have you considering litigation?

Many California residents choose to utilize revocable trusts in order to address some of their estate planning needs. You may have had a loved one who took such a route when creating an estate plan, and he or she may have named you as a beneficiary of the trust. Knowing that you stand to obtain assets from your loved one may have left you feeling pleased, but once you learned more about the terms of the trust, you could have felt concern.

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Law Office of Jeffrey B. Pape, P.C.
642 Pollasky Avenue
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Clovis, CA 93612

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