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Preparing for Your First Mediation Session: A Checklist
Mediation is a constructive and often effective approach to resolving disputes without the need for litigation. It involves a neutral third party, the mediator, who facilitates discussions between the parties to help them reach a mutually acceptable agreement. If you’re gearing up for
What Is a Family Limited Partnership, and Do You Need One?
A Family Limited Partnership (FLP) is an advanced estate planning strategy that families often use to manage and protect their assets while also minimizing their tax liabilities. Understanding the intricacies of FLPs, how they function, their impact on estate planning and administration, and
Mediation and Mental Health: 10 Benefits of Alternative Dispute Resolution
In a world where conflicts are inevitable, the method we choose to resolve them can have a profound impact on our mental well-being. Mediation, as a form of alternative dispute resolution, is increasingly being recognized not just for its effectiveness in settling disputes
Freelancers and Independent Contractors: You Need an Estate Plan
As a freelancer or independent contractor in California, you have the freedom to dictate your work schedule, choose your projects, and operate with greater autonomy. However, this independence also means you need to take charge of aspects of your life that employers often
Gift Tax in California: What You Need to Know
Gift taxes play a significant role in estate planning by influencing how and when assets are transferred to beneficiaries. California, like many states, does not impose a state-level gift tax. However, residents and those transferring assets within the state must still navigate the
Is It Time to Mediate? Navigating Potential Probate Disputes
Probating a loved one’s estate can be emotionally taxing and complex, even when everyone agrees on what should be done with the assets. Unfortunately, the probate process often occurs during times of grief and stress, which can make disputes more likely even in
Using Trusts for Charitable Giving in Your Estate
Estate planning is not just about passing on your assets to loved ones; it’s also an opportunity to leave a lasting legacy through charitable giving. One effective and flexible tool for incorporating philanthropy into your estate plan is the trust. Trusts provide a
5 Active Listening Skills for More Successful Negotiations
During negotiation, when conflicting views and emotions often take center stage, the power of active listening emerges as a key tool to achieve resolution and understanding. The act of truly listening—actively and empathetically—can make all the difference in the success of alternative methods
What Disputes Benefit from Mediation?
In the dynamic world of business, disputes can be a common occurrence, whether they stem from contractual disagreements, workplace conflicts, or other issues. When disagreements arise, it’s essential to consider the most effective and efficient way to resolve them. Mediation, a negotiation process
Is It Time to Decant Your Incomplete Nongrantor Trust in California?
State and federal laws impacting estate plans have been in flux for years. One of the most important changes for California residents happened in July when Governor Gavin Newsom signed a bill into law that closed loopholes for out-of-state incomplete nongrantor trusts. This
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