What is Probate in California?

Sitting down and having a discussion about what will happen to your assets and finances after you pass away is certainly not an easy thing to do, but it's something that should be done. You should start your estate planning as early as your graduation from college, and especially once you're married with children. When you pass away, most likely ...
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What is Estate Planning?

Planning for distribution of an estate following death is commonly considered a legal process that is only necessary for wealthy individuals, but the truth is that everyone has a need for some form of estate planning. Every young person with children needs an established will and directive regarding disbursement of personal property and dependent children guardianship in the event of ...
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Beware of These Pitfalls When Selling Property in a 1031 Exchange

Looking to trade in an old investment property for something new? Section 1031 of the Internal Revenue Code allows taxpayers to defer the recognition of gain on business or investment property exchanged for like-kind property. Although this seems simple on its face, below are several common pitfalls. Failure to properly use a qualified intermediary (also referred to as an exchange ...
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Top Five Estate Planning Items You Shouldn’t Ignore

1. Estate Tax and Gift Tax Exclusion Amounts for 2016 The estate and gift tax exemption amount is presently $5.4 million for 2016 and the annual exclusion for gifts is $14,000.00. What does this mean? It means that an individual can leave up to $5.4 million to heirs and not pay estate tax. Married couples then can leave up to ...
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Estate Planning Tips For Modern Families

Estate planning can be a difficult topic for families to discuss. However, good communication can help ensure that family members know what to expect, and this reduces the likelihood that the estate plan will face a challenge. It will also help to ensure that your plans are understood ...
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Baby Boomers Looking at Retirement – Business Succession Plans Crucial

It has been commented that working for oneself is great because you get to work half-days. You even get to choose which half – the first 12 hours or the second. Funny as that may seem, Baby Boomer generation business owners smile knowingly, and the thought of retirement is alluring. Logistically, however, said Boomers might find themselves in a pickle ...
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10 Things You Should Know About Probate

1. Death of a Loved One Following the death of a loved one, such as a parent, the first and foremost priority is “family.” Nothing should precede that. The business of the estate comes after devoting full attention to remembering your dearly departed, being with friends and family, and allowing friends and family to pay their final respects. Everything else ...
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Lowthorp Richards attorney wins bodysurfing competition

Brett C. Templeman, a trial attorney at Lowthorp Richards McMillan Miller & Templeman, APC, was named the Men's Grand Champion at the 2014 World Body Surfing Championships this month. (Click here to read the full article) ...
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New Partner at Lowthorp Richards

Darin Marx has become a shareholder and partner at Lowthorp Richards McMillan Miller & Templeman, APC located in Oxnard ...
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Breach of Trust FAQ

What is breach of trust? Breach of Trust occurs when a trustee fails to honor his or her role as fiduciary. Some common examples include: ...
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