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Castro Law > General Counsel Service

Is Estate Planning on your list of New Year’s Resolutions?

IS ESTATE PLANNING ON YOUR LIST OF NEW YEAR’S RESOLUTIONS? When a new year begins, we are encouraged to make “New Year’s resolutions”. Often these resolutions include starting fitness programs and diets, prompting us to take a good look at how we eat and spend our time. Although, reviewing or preparing an estate plan may not have the same physical impact, it is an important “exercise” and is likely to give you peace-of-mind that your financial house is in order.  Call us for a free consultation! 888-560-2743. Consider the following situations: You own property valued in excess of $150,000: Trusts can avoid costly...

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CAUTION: California Corporations & LLCs May Be Subject to Administrative Dissolution!

NEW LAW 2019: AB 2503 - CAUTION TO CORPORATIONS AND LLC'S   In today’s day and age, the corporate world is always shifting, and new legislation passes every year that changes the way California businesses must conduct themselves. Recently, AB 2503 was signed into law and will be effective starting January 1, 2019. This law directly impacts how the California Franchise Tax Board can dissolve and dismantle a California entity for something as innocent as failure to pay annual fees. If an entity has been suspended for a specific period of time by the Franchise Tax Board, the FTB can notify the...

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“THE ONLY THING THAT IS CONSTANT IS CHANGE.”      ~Heraclitus of Ephesus   An estate plan is written to reflect your situation at a specific point in time. As we all know, our lives are constantly changing. Some of our life-changing circumstances are anticipated, but many are not. As your circumstances change, so should your estate plan. The following are 10 life changes that should trigger you to review your current estate plan:   Marriage – this is especially important when you have a blended family. Remarriage – is there a need for a prenuptial agreement? Do you want your new spouse and their...

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I’M STRUGGLING TO PAY MY MORTGAGE. WHAT DO I DO? If you are behind on your mortgage you have several options to consider depending on your circumstances: bringing the loan current, loan modification, selling by a traditional sale, a short sale, a deed in lieu of foreclosure and even foreclosure itself. How do you choose which option is best for you? Ask for help from Castro Law. At Castro Law, we first assess your individual situation and see if keeping your home is not just possible, but is the best choice. We help you understand your financial situation: is the payment affordable...

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