Spendthrift trusts and bankruptcy

Is it possible for your parents to leave you a ton of money in a trust and make it so that money is protected?  Even from bankruptcy? The simple answer is yes.  In fact the procedure is relatively simple to do.  All your parents would have to do is attach a sentence or two to[…]

Personal Liability for a California LLC’s taxes

A few years back I did a video (https://www.youtube.com/watch?v=1lkwuZoK32Y) on whether a corporation owner was liable for the California taxes that the corporation owed.  It was based upon the Ralite/Raylite case. For years everyone has been saying that the same logic would apply for a California LLC.  That is to say that so long as[…]