The Garn-St Germain Act was passed in 1982 and signed into law by President Ronald Reagan. The act was implemented to help the loan industry, which was struggling with inflation and high interest rates. It allows lenders to enforce contracts, such as mortgage agreements, that contain due-on-sale clauses. They can be enforced even if the…
A limited liability company (LLC) can own some of your bank accounts and property. For this reason, including a limited liability company in your estate plan can be a great tool. Doing so can protect the wealth that you’ve worked hard for. What Is an LLC? An LLC combines the advantages of a partnership or…
If you’ve scheduled a meeting with your probate attorney, you’ve taken the first step in navigating the challenging and confusing probate process. Your probate attorney will assist you with court filings, mediate and resolve conflicts between beneficiaries, and represent you if legal issues arise. Being prepared with the necessary documentation is essential when you first…
Los Angeles is known for being one of the most affluent areas in the country, but more recently, it has also struggled with its high rate of homelessness. To address concerns surrounding housing affordability and a widening wealth gap, the city proposed Measure “United to House LA” (ULA), which has become known as the “mansion…
Law Stein Anderson is proud to announce that our very own Matthew Stein has won the ProVisors Group Leader of the Year Award. ProVisors is the premier national networking organization exclusively for trusted advisors. It is the largest, fastest-growing cross-referral network of 8,000+ trusted advisors. A Provisors group leader promotes the organization’s mission to be…
Estate planning requires a balancing act of providing the greatest benefits to loved ones while saving on income and estate taxes and safeguarding savings from beneficiaries’ creditors. This balance requires careful consideration alongside proper legal and financial tools. Saving on Taxes Unfortunately, estate and income taxes might be quite the hurdle for you and your…
You should consider hiring a trust and estate litigation attorney when there is a dispute or conflict related to an estate or will. Some situations where an estate litigation attorney can be helpful include: In general, if you’re involved in a legal dispute related to an estate, it is a good idea to consult with…
Undue influence is a legal term used to describe a situation where someone is manipulated, pressured, or coerced into making decisions that do not reflect their own free will. In California, undue influence can affect the validity of wills, trusts, contracts, deeds, powers of attorney, and other important legal documents. It is also frequently a…