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office (213) 626-2222
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ESTATE PLANNING
Wills
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Irrevocable Trusts
Advanced Estate Planning
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ESTATE ADMINISTRATION
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PERSONAL INJURY LAW
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BUSINESS FORMATION
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Buy-Sell Agreement
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CONSERVATORSHIP

A conservatorship is a court proceeding to appoint a manager for the financial affairs or the personal care of one who is either physically or mentally unable to handle either or both. A conservator of the person or the estate, or both, may be appointed for an adult. The establishment of a conservatorship has two effects: (1) It shifts the responsibility for making financial and personal care decisions from the conservatee to the conservator, and (2) it imposes significant limitations on the conservatee's ability to take actions affecting finances or personal care. Conservatorships are a valuable method of solving problems that arise when persons become unable to care for themselves or their affairs.

A Durable Power of Attorney may avoid the necessity of a conservatorship.

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Estate Tax Faces Its Own Life-and-Death Struggle

"Parties are at odds on how to deal with a levy set to disappear entirely in 2010 before being resurrected at full pre-Bush level..."
www.WSJ.com

Commercial Real Estate’s $1 Trillion Time Bomb

"According to analysts at Deutsche Bank AG, as property value declines and scarce credit continue to drive commercial property developers and investors into default, total lifetime losses on banks' $1 trillion 'core' commercial-mortgage holdings..."
www.WSJ.com

Debate Over Estate Tax Likely to Wait Till 2010

"A split among Democrats and a busy fall agenda is likely to have lawmakers hold off this year on debating the future of the estate tax, even though it expires at the end of the year..."
www.TheHill.com