Articles

  • 2 months ago | thesantamonicastar.com | Lisa Alexander

    As we get older, the formality of our relationships changes. Many older couples live together without marriage. Or, we may be in committed relationships, but living apart. Or, we may have supportive relationships without being a couple at all. All of this works, but needs to be protected in case of incapacity.

  • Mar 3, 2025 | thesantamonicastar.com | Lisa Alexander

    We all know what can happen when you don't have a Will or Trust. So why, then, do so many people die without an estate plan? Besides procrastination, which we all experience, and failure to make it a financial priority, I think many people just don't know what to do. There are family dynamics that feel impossible to navigate. A common scenario involves the tension in a second marriage between the current spouse and children by a prior marriage. Whose interests should be primary?

  • Jan 27, 2025 | thesantamonicastar.com | Lisa Alexander

    As I write this article, the Palisades Fire is still raging. I am hearing from so many of our clients and friends who have lost their homes. We've seen pictures of the devastation, but many are still waiting to know if their home was burned or spared. I want to express my sorrow to all of the fire victims. In the aftermath, while people are sorting out insurance, living arrangements, replacing essentials, and trying to move forward, April 10 property tax payments are around the corner.

  • Jan 7, 2025 | thesantamonicastar.com | Lisa Alexander

    What happens when a person with a Trust loses capacity? First, thank goodness the person had a Trust in the first place! The Successor Trustee named in the Trust can take over management of the Trust assets. The Successor Trustee can access money to pay bills and make sure the incapacitated person is cared for. Logistically, the person named as Successor Trustee should review the Trust for the provisions appliable to incapacity.

  • Nov 5, 2024 | thesantamonicastar.com | Lisa Alexander

    The Corporate Transparency Act (CTA) requires federal reporting of ownership interests in small companies. Companies that must report are all entities formed by registration with the Secretary of State (or similar state office in another state.) This includes Limited Partnerships, Limited Liability Partnerships, Corporations, including “S Corps,” and Limited Liability Companies. It does not include sole proprietorships.