Why You Should Make Gifts Well Before the Expiration of the TCJA in 2025 — Preserving Your $14 Million Lifetime Gift and Estate Tax Exemption
The Tax Cuts and Jobs Act (TCJA), passed by Congress in 2017, introduced a number of sweeping changes to tax laws, one of the most significant being the substantial increase in the lifetime gift and estate tax exemption. Currently, this exemption allows individuals to transfer significant amounts of wealth—either during their lifetime...
How California’s Proposition 19 Interferes with Gift-Giving of Real Estate from Parents to Children
California’s Proposition 19, which took effect on February 16, 2021, has drastically altered the landscape of real estate inheritance and property transfers within families. For years, California families could pass down homes from parents to children while retaining the same low property tax assessments, allowing heirs to enjoy the benefits of relatively...
The Connelly Case: A Wake-Up Call for Small Business Owners with Buy-Sell Agreements Funded by Life Insurance
Connelly vs. Internal Revenue Service: A Critical Legal Development for Small Business Owners
Small business owners often rely on buy-sell agreements to ensure the smooth transition of ownership upon the death of a partner. These agreements, commonly funded by life insurance, provide a vital safety net, ensuring...
Selling a Business: Tips to Prepare for a Seamless Sale
The decision to sell a business in California is one of the most consequential ones an entrepreneur can make. Whether you're looking to retire, pursue new opportunities, or capitalize on your success, the process of selling a business can be complex and emotionally charged.
As experienced business law...
Five Considerations for Starting a New Business
Whether you are a seasoned entrepreneur or embarking on the journey of creating a commercial enterprise for the first time, starting a business is an exciting and rewarding experience. But to make the process as effective and stress-free as possible, you’ll need to carefully plan things out in advance. Mistakes and...
Common Lawsuits Brought Against Small Businesses
It is impossible to predict every lawsuit that a small business might face. There is nothing to prevent angry vendors, entitled customers, or disgruntled employees from filing a lawsuit, even if they have no legitimate basis. The more a business owner delegates responsibilities to employees, the greater the risk that an...
Join Our Team as a Litigation Associate at Schneiders and Associates, LLP!
Schneiders & Associates, LLP is seeking a Litigation Associate with 2-10 years of experience to join our team of dedicated attorneys.
Position: Litigation Associate
Qualifications:
2-10 years of litigation experience Ability to manage multiple matters simultaneouslyModern Strategies For Resolving Partnership Disputes
If you have a business partnership dispute, you may be reluctant to engage in litigation and wonder what other options exist. Is litigation the only path forward? No. Depending on what you’re seeking to get out of a dispute resolution, there are other strategies you can attempt before settling on litigation.
Oral Contracts & The Statute of Frauds- Is The Agreement Binding?
There is a widespread misconception that verbal contracts are unenforceable. However, in California, a verbal contract with another party can still be valid and binding. In some cases, a signed document is not required.
However, if a signed written contract exists, any disagreement between the...
Five Common Reasons a Will Might Be Invalid
Having a will is an essential aspect of estate planning. It provides a clear directive on the distribution of assets and the care of dependents after one's passing. It ensures your wishes are honored and can prevent potential disputes among beneficiaries.
However, many people, a will is not enough...