Do I need to plan my estate if I own very few assets?

Yes. It is a common misconception that people with few financial assets are okay to skip estate planning. This is because there is more to estate planning than merely naming beneficiaries for your assets. There are aspects of estate planning that allow you to designate someone close to you as a decision-maker in the event you become mentally or physically incapacitated.

What is the difference between a trust & a will?

Without delving into the more technical intricacies, a will goes into effect only after the estate owner’s death, whereas a trust may go into effect during their lifetime. Furthermore, wills are typically subject to probate, whereas most assets in trusts are exempt. For more information, contact Lane Law Group, Inc. at (310) 521-5300.

What does trust administration entail?

When you designate someone to act as a trustee of your assets, you give them the legal authority to make decisions regarding those assets. Your trustee will be responsible for managing your assets within the parameters of the trust agreement.

What does it mean to probate an estate?

When the owner of an estate passes away, some assets may be subject to assessment and distribution according to California courts. This typically happens if the decedent passed away with only a will and owns property in California, or had no estate planning done and owns more than $150,000 worth of assets. If you have been named the executor of an estate that needs to be probated, we can help you complete the process.

Does your firm handle residential or commercial real estate law matters?

Lane Law Group, Inc. accepts both residential and commercial real estate law cases, especially those pertaining to purchase and sale transactions.

Do I need a real estate attorney if I’m already working with a licensed realtor?

You are not required by law to retain a real estate law attorney, but you should know that a realtor cannot dispense legal advice. Therefore, you may miss out on pertinent information that influences your purchase or sell decision due to a realtor’s lack of legal knowledge. Only a California real estate lawyer can ensure that your investment is safe and the terms agreeable.

What types of business law matters does your firm represent?

Lane Law Group, Inc. accepts nearly all business law cases, especially those pertaining to entity formation, and contracts.

Which type of entity should I choose for my business?

Without knowing any of the specifics of your endeavor, it is impossible to say which type of entity is most appropriate for your business. That said, we have over 30 years of experience advising business law clients and can undoubtedly dispense the legal advice you need to choose a business organizational structure if you contact our firm.

What are the Lane Law Group, Inc. hours of operation?

Lane Law Group, Inc. is open Monday through Friday from 9:00 am until 5:00 pm.

Can you accommodate meetings outside of regular business hours?

With enough notice, we are happy to arrange an off-hour meeting with you to discuss your legal issues.

Do you offer free consultations?

Yes. Please call our firm today at (310) 521-5300 to schedule yours.

Lane Law Group, Inc. helps clients in Rancho Palos Verdes, San Pedro, and throughout the South Bay with estate planning and probate, business law, and real estate law matters. Contact our office today at (310) 521-5300 to schedule a free consultation with an experienced California lawyer.