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Blue Ocean Strategy – Making Estate Planning Simple

Several years ago I read the book Blue Ocean Strategy by W. Chan Kim and Renee Mauborgne. The book is about creating new ways to deliver services or products to bring significantly more value to the customer than the current industry standard. We created Counsel Protect, LLP with that in mind. Our goal is to provide estate planning and small business legal services in a fast, easy and affordable way. Legal services…

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Protect your Children’s Inheritance from Divorce and Lawsuits

I am a big proponent of including in your living trust provisions to establish separate lifetime proteciton trusts for each of your children. Lifetime protection trusts are the alternative to an outright distribution. With an outright distribution, you child will receive his or her inheritance, literally outright - like a check written to him or her. The inheritance is then in the child's name and exposed and up for grabs by a…

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LLC Best Entity to Own Business Real Estate

If you operate your business as a C corporation, you shouldn’t own your business property in your corporation. Why? If you sell the property or business you will be hit twice in taxes. Capital gains of C corporations are taxed at the standard corporate rate (usually 34%). Then, you will be taxed again when profits distributed to you as a shareholder. We recommend our business owners establish an LLC to own their…

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Easier to Disinherit a Child or Girlfriend in CA

The Wall Street journal has a great article entitled "California Court Gives Roughe Wills More Validity." Probate courts are full of cases centered on so-called rogue wills that come out of the blue, upsetting family members and friends who thought they knew what to expect when a loved one died. States have different rules on how to treat informal wills—typically a document drafted without the help of an attorney or other pro—but…

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Dads Matter

From the Wall Street Journal via HotAir As an estimated 70.1 million fathers prepare to celebrate Father’s Day in the U.S., recent research shows that their distinct style of parenting is particularly worth recognition: The way dads tend to interact has long-term benefits for kids, independent of those linked to good mothering. Beyond rough-and-tumble play, men tend to challenge crying or whining children to use words to express themselves. Men are more…

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Guardians – How to Choose a Guardian

Here's our video on how to choose a Guardian to raise your young kids. This is the most important decision you can make in your estate plan when you have young kids. I know it's hard, but you have to make it and document it in your will. The consequences of not naming a Guardian are tragic. Don't put this off - protect your kids by naming your guardians as part of…

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