NM Law, APC

Has it gradually become clear that none of your kids or grandkids will be taking over the family business? 😕Maybe they pursued other professions. 😕Perhaps some relocated to other geographic areas. 😕Or maybe they don’t have the entrepreneurial drive that would make them want to run a company. This doesn’t have to be a disaster for your business succession or estate planning. Businesses can be successfully transitioned to key employees or sold under financially advantageous agreements that provide funds for your retirement and wealth for future generations—with careful, strategic succession planning. If you need to get Plan B for your business succession strategy off the ground, the business and estate law experts at NM Law can help you create a new vision for the future. Contact us to schedule a consultation today. 📞(949) 253-0000 https://lnkd.in/gsw2xq5a #businesssuccession #family #successionplan #sale #acquisition #retirement #inheritance #businesslaw #attorney #lawfirm

I am a board member and also a member of the grant committee, and every year 100% of the money raised at this Mayor’s Breakfast goes to local charities of all shapes and sizes. Please join us to support TCF and kick off the holiday season, or please consider donating to increase the number of grants we can approve. Help spread Thanksgiving generosity here: https://lnkd.in/g_S9s79r #thanksgivingbreakfast #tustin #mayor #holidayseason

What are possible roadblocks to the efficient administration of an estate? ❌Wasted time tracking down the most current version of the will or other vital documents ❌Outdated or missing beneficiary designation on financial accounts ❌No information on the testator’s preferences for memorial planning ❌No information on who should receive treasured personal items ❌No comprehensive, updated inventory of assets The experienced estate law attorneys at NM Law can help you prepare for your role as an executor with best practices—or help you effectively cope with difficulties you might encounter in the probate process despite your best efforts. You don’t have to go it alone. https://lnkd.in/g9Tr7RN4 #estateadministration #executor #problems #will #trust #beneficiaries #assets #estateplanning #probate #attorney #lawfirm

National Estate Planning Awareness Week is here! NM Law is here to help you learn more about how you can help secure your family’s future or update your current estate plan. 📞 (949) 253-0000 https://lnkd.in/g8EsFzXU #estateplanningawareness #estateplanning #protectyourlegacy

If you’re a trustee for an elderly relative, what responsibility do you have to protect them from financial elder abuse? Financial exploitation, up to and including the alteration of an estate plan to benefit someone trying to take advantage of an elderly person’s vulnerability, often comes with clear warning signs. A trustee can help prevent abuse through actions such as: 📋Ensuring regular social interaction and communication with family and friends. 📋Regular and structured reviews of financial transactions. 📋Ensuring any changes to legal documents are made voluntarily and with full mental capacity. 📋Verifying consent and understanding of any major financial decisions. If you’re unsure of all the steps you should be taking to safeguard your loved one’s financial well-being, or if you suspect they’ve already become the victim of financial elder abuse, contact the estate law attorneys at NM Law. We can help you fulfill the responsibilities of your role and pursue legal remedies in court if harm has already been done. Schedule your consultation today. https://lnkd.in/gcNAEyc3 #financialelderabuse #trustee #responsibility #prevention #financialreview #oversight #mentalcapacity #socialsupport #litigation #estateplanning #attorney #lawfirm

For business owners, high-net-worth individuals, and those whose sources of income and assets are highly diversified, estate planning can come with more than the usual set of worries. Will typical strategies provide enough protection from potential tax liability and keep the estate out of probate? Will trying to divide unlike assets and/or pass on control of a business or real estate interests create conflict, destroying family relationships and dragging everyone into expensive litigation? At NM Law, our estate planning attorneys are guided by the objectives you want to achieve, identifying the legal strategies that will address the needs of your family and your values as well as tax, probate avoidance, and business succession goals. If you have questions about the best options for your unique concerns, we can provide the answers you need. To schedule a consultation, call us today. 📞(949) 253-0000 https://lnkd.in/g3R8iG-B #businessowner #HNWI #realestate #assets #estateplanning #taxplanning #probate #probateavoidance #litigation #attorney #lawfirm

Are you thinking ahead to when you’ll be able to pass your successful business on to someone else to run? Perhaps you’ve been too busy running the business to consider more than the barest outline of what you’d like to see happen. Whether you foresee a transition to the next generation of family, key employees, or a third-party purchaser, succession planning is about far more than just drafting a buy-sell agreement. Deciding on the right path forward and then ensuring the right elements are in place to allow the business to continue to thrive post-transition can take years. But failure to have a plan can mean the heartbreak of watching the company you worked so hard to build crash and burn when you’re no longer at the helm. The attorneys at NM Law are experienced at providing the holistic advice and legal expertise business owners need to successfully plan for their company’s future. We consider legacy planning and tax minimization strategies as part of a unified whole to create the best plan for your circumstances. To get started, contact us to schedule a consultation today. 📞(949) 253-0000 https://lnkd.in/gsw2xq5a #businesssuccesion #businesssuccessionplanning #inheritance #acquisition #family #employees #buyer #estateplanning #businesslaw #attorney #lawfirm

What are the five signs of dementia that aren't memory loss? 👉 Financial problems 👉 Sleep issues 👉 Personality changes 👉 Driving difficulties 👉 Loss of smell If you notice a combination of these signs, it may be time for a doctor's visit. Find out more about these common red flags in this New York Times article: https://lnkd.in/gueizuhb #dementia #redflags #financialproblems #sleepdisorder #cognitive #memoryloss

Being the executor of an estate is a position of honor, trust, and huge responsibility. Are there steps you can take before you’re called on to carry out your duties to make the job easier to fulfill? Absolutely! Two of our top tips are to: ✅Know the location of the will and other important documents like deeds to property and insurance policies (where the originals are and where backups can be found) ✅Have current contact information for your friend or family member’s accountant, lawyer, financial advisor, and other professionals Learn more about proactive measures to ensure you’re prepared to effectively administer an estate. Additional questions? Give the estate law experts at NM Law a call. 📞(949) 253-0000 https://lnkd.in/g3R8iG-B #estateplanning #executor #estate #responsibilities #will #trust #estateadministration #attorney #lawfirm

Manipulating or coercing an elderly individual to financially exploit them isn’t just unethical. Abusers could potentially be convicted of a misdemeanor or felony that carries criminal penalties, including: ⚖️ Up to a year in county jail and fines up to $1,000 for a misdemeanor ⚖️ 2 to 4 years in state prison and fines up to $10,000 for a felony While the government prosecutes criminal financial elder abuse, the elder victim and their family also have the right to pursue the individual abuser. Oftentimes, it is another family member that has committed financial elder abuse. The estate law litigators at NM Law can help you restore your loved one’s intent and preserve their legacy in court. To schedule a consultation, call us today. 📞(949) 253-0000 https://lnkd.in/g8VfP9Cy #financialelderabuse #criminalcharges #penalties #felony #misdemeanor #jailtime #fines #litigation #estatelaw #attorney #lawfirm