Los Angeles Law Offices

What Does An Estate Planning Attorney Do?

An estate planning attorney doesn’t only help assist with a testament and last will. They also specialize in estate planning, where they help create living trusts and make a plan to avoid estate taxes. Estate planning lawyers will also be able to assist in developing powers of attorney as well as health care directives, in which they will arrange for another person to handle your case if there is an incident where one becomes mentally incapacitated. This will allow the attorney to have a backup plan in regards to their client’s affairs. With years of legal experience, an attorney will know how to counsel their clients with setting up and preparing their affairs in case of an eventual death.

Your Estate Planning Attorney Should…

  • Be someone who has shown complete devotion to their practice of this area of the law
  • Feel comfortable with the intimate details pertaining to your life so the both of you  can meet and succeed the expectations of your plans
  • Be up to date on your states current laws.
    • Make sure your attorney has not been keeping up with the appropriate knowledge. If not, then the court can see your estate plan as invalid.

There’s a High Price

Don’t be alarmed. However, you will be paying a much higher price than usual when it comes to this area of legal counsel. Remember that you’re paying for the knowledge that your lawyer has & all the skills they’ve gained over the years. If you work with an attorney with limited experience in estate planning, you can plan on them selling you a revocable living trust only.

Contact Estate Planning Attorney Lakewood

Be sure to take your time when finding a credible estate planning attorney. Take time to explore our services and stop by so we can see what benefits you the most.

Why You Need An Estate Plan

There are many reasons as to why you should get a head start with creating an estate plan with your attorney. Below are the top reasons why we think you should get one. When planning through the Law Offices of Lawrence H. Nemirow, you’ll be assisted in the best way possible.  

Having an Estate Plan to Protect Your Beneficiaries

  Typically, one’s goal is to protect minor children, and protect adults in their lives from negative influences, negative decisions, and negative future possible scenarios such as divorces and credit problems. When it comes to minor children, in all states, there are laws that necessitate a guardian to watch over their needs as well as their finances until they turn the legal age of 18. Depending on the state, the legal age may be 21. Now if the beneficiary is legally an adult and has shown no responsibility when it comes to managing money, or has a significant other that will consume the beneficiaries money, then a separate estate plan can be made to protect them, as well as others.  

Avoiding Probate 

  Many start looking for an estate planning attorney to avoid probate. Probate is a long process of creating and authenticating one’s last will and testament. There are many stories told by friends, family, and acquaintances where the probate process has left them feeling uneasy.    

Avoiding Trouble

  Usually, people start realizing they need to start making plans with an estate planning attorney when they see someone they are close to going through an experience that was seen as wasteful in terms of time and money all due to one’s failure to create an estate plan.  

Protecting Assets From Creditors

  More than just wanting to avoid stress, many have chosen to seek advice from an estate planning attorney to protect their assets from unseen creditors. It’s important to have a plan for protection right away, because once a lawsuit is around the corner, unfortunately at that point, it’s already too late. In order to be prepared, a client and their attorney should come up with a couple estate plans that will financially benefit the client during their lifetime, and their beneficiaries after the client’s death.  

Minimize Estate Taxes

  What drives people to get estate plans put in place are due to the loss of an estate because of payment of state/federal or inheritance taxes. There are basic steps married couples can do to minimize or even get rid of estate taxes. In order to do so, specific trusts would need to be created as part of their revocable living trusts. Essentially with advanced techniques from an attorney, it is possible to have the estate or inheritance tax completely go away.
corporate lawyer garden grove

What Do Business & Corporate Lawyers Do?

Being a business and corporate lawyer requires a substantial background in an ample field of areas. Clients can range from a  multibillion-dollar company or a small business. Regardless, a corporate lawyer will assist their clients with their obligations, legal rights, and responsibilities.

Corporate Lawyer

Corporate lawyers can work in firms of various sizes, where they help assist their clients with negotiations, creating reports, analyzing contracts, and other arrangements correlated with activities in regards to the business such as acquisitions, divestitures, and mergers. With this, they also guide their clients through the steps of corporate governance, issues of operations in regards to rights and responsibilities of corporate officers and directors, and the general lapse of legalities in a company. In addition, corporate lawyers are required to assist their clients with financial guidelines. Doing so, steps will be provided on how to provide that information to their owners, shareholders, and employees. That information will also need to be filed with the Securities and Exchange Commission along with other agencies.

Corporate Lawyers & Publicly Held Companies

When having a publicly held company as a client, corporate lawyers have to be familiar with frequent federal and state laws that regulate publicly traded securities. They will be able to assist these companies with matters regarding the issuance of securities as well as reporting what the requirements are for state and federal agencies such as the SEC. Due to public companies holding high standards regarding disclosure of information on material that can affect earnings and or price of their stock, corporate lawyers advise these companies on issues such as public disclosure, litigation matters, and the initiation of a government investigation regarding the company.

Corporate Lawyers & Closely Held Companies

Aside from publicly held companies, corporate lawyers can assist in advising closely held companies which are privately held business. These are made up of a limited number of shareholders who own the company with none of it being traded on a public stock exchange. Closely held companies can range from investment banking firms, hospitals, internet startups, foundations, accounting firms, and so on. Corporate lawyers will be able to advise such companies on subjects of creating the company, obtaining loans, finding office space, the process of employing a team, financial controls, buyouts and more. Whether the company is closely or publicly held, your corporate lawyer will need to acquire strong communication and negotiating skills depending on your company’s interests. They should constantly be ambitious while achieving your company’s goals. To further discuss your needs, visit our practice areas to get started. 
Los Angeles Law Offices

California Corporation Annual Minutes

California Corporations Do not Have To File Annual Minutes With The Secretary Of State Have you been receiving official looking notices advising you that you have prepare and file your annual minutes with requests that you pay them a fee to do so? My wife is a CPA and we share offices and sometimes clients. Several times a year we get calls from clients asking if mailings they received from Corporate Compliance Center, Corporation Compliance Recorder, California Corporation Services and similar businesses. Sound familiar? What each of these solicitations have in common is that they may contain wording stating that “this is not a government document”, however the wording is in fine print and may be missed. These solicitations correctly cite California Corporations Code sections 600, 1500, and 9510(a) to make the solicitations look like a government document. All of the codes are correctly cited. Section 600 provides in pertinent part, “An annual meeting of shareholders shall be held for the election of directors on a date and at a time stated in or fixed in accordance with the bylaws.” Section 1500: “Each corporation shall keep adequate and correct books and records of account and shall keep minutes of the proceedings of its shareholders, board and committees of the board and shall keep at its principal executive office, or at the office of its transfer agent or registrar, a record of its shareholders, giving the names and addresses of all shareholders and the number and class of shares held by each. Those minutes and other books and records shall be kept either in written form or in another form capable of being converted into clearly legible tangible form or in any combination of the foregoing. When minutes and other books and records are kept in a form capable of being converted into clearly legible paper form, the clearly legible paper form into which those minutes and other books and records are converted shall be admissible in evidence, and accepted for all other purposes, to the same extent as an original paper record of the same information would have been, provided that the paper form accurately portrays the record.” Section 9510(a) relates to record-keeping requirements for non-profit corporations. These mailings are correct when they state that annual meeting minutes must be prepared, but neither your company or the service companies file the minutes with the Secretary of State. It is important that these minutes be keep in a corporate minute book for your own use and protection of the corporation. These services are offering to prepare your annual corporate minutes for a fee, but in my opinion these minutes are best prepared either by corporate officers/directors, if they know how to do so, or by your business attorney (who can also review the corporations’s prior meeting minutes and bylaws for potential areas for improvement, changes, and the like). Review your minute books now. Make sure that any major decisions made during the current or immediately past fiscal year are recorded in the minutes. Ask your business attorney or myself as to what important decisions should be placed in the minutes.

CLIENT TESTIMONIALS

  • I finally got around to making the “estate planning” phone call after many decades of procrastination. I found Lawrence via Avvo and Yelp reviews, and he was very responsive to all my questions about estate…

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ABOUT OUR FIRM

We Specialize In Estate Planning, Probate, Wills And Trusts, Insurance Law And Business And Corporate Law.

I was licensed to practice law in the State of California on June 6, 1996. I then formed The Law Offices of Lawrence H. Nemirow, PC to serve communities of Los Angeles County and Orange County with their legal needs. I am licensed to practice before all of the Superior Courts in the State of California, the U.S. District Court for the Central District of California, the U.S. District Court for the Southern District of California, and the United States Court of Appeals for Veterans Claims.

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(562) 799-1379 (562) 799-1377 lhnemirow@gmail.com