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What Is a Family Limited Partnership, and Do You Need One?
Estate Planning

What Is a Family Limited Partnership, and Do You Need One?

A Family Limited Partnership (FLP) is an advanced estate planning strategy that families often use to manage and protect their assets while also minimizing their tax liabilities. Understanding the intricacies of FLPs, how they function, their impact on estate planning and administration, and

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Gift Tax in California: What You Need to Know
Estate Planning

Gift Tax in California: What You Need to Know

Gift taxes play a significant role in estate planning by influencing how and when assets are transferred to beneficiaries. California, like many states, does not impose a state-level gift tax. However, residents and those transferring assets within the state must still navigate the

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Using Trusts for Charitable Giving in Your Estate
Estate Planning

Using Trusts for Charitable Giving in Your Estate

Estate planning is not just about passing on your assets to loved ones; it’s also an opportunity to leave a lasting legacy through charitable giving. One effective and flexible tool for incorporating philanthropy into your estate plan is the trust. Trusts provide a

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5 Active Listening Skills for More Successful Negotiations
Mediation

5 Active Listening Skills for More Successful Negotiations

During negotiation, when conflicting views and emotions often take center stage, the power of active listening emerges as a key tool to achieve resolution and understanding. The act of truly listening—actively and empathetically—can make all the difference in the success of alternative methods

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What Disputes Benefit from Mediation?
Mediation

What Disputes Benefit from Mediation?

In the dynamic world of business, disputes can be a common occurrence, whether they stem from contractual disagreements, workplace conflicts, or other issues. When disagreements arise, it’s essential to consider the most effective and efficient way to resolve them.  Mediation, a negotiation process

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Your Rights During Mediation in California
Mediation

Your Rights During Mediation in California

Mediation can be used to resolve conflicts large and small, personal and commercial. However, the average person is much less familiar with mediation than alternatives like litigation, which can lead to misconceptions. For example, you may hesitate to consider mediation if you believe

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