One of the important differences between a public charity and a private foundation is the 5% rule which requires the foundation to spend at least 5% annually of non-charitable use assets acquired during the previous year. The reason for this requirement is to guarantee that private foundations distribute money for their charitable purposes. The payouts… Continue Reading Toews Law Group, Inc. explains the 5% rule for private foundations

When an individual dies in California without a will, they are said to die “intestate”, which is a legal term meaning they died without a will. If your parents die intestate, their assets will be subject to probate and will be distributed according to state law, regardless of what your parents wished. Probate is the… Continue Reading San Luis Obispo Probate Attorneys Answer the Question, ‘What Happens if My Parents Die Without a Will?’

The occurrence of a major life event, is a good time to assess whether your trust, will and estate plan needs to be updated. The estate planning attorneys from San Luis Obispo’s Toews Law Group, Inc. have prepared a list of important life events that might mean it’s time to update the terms of your… Continue Reading When to update your trust and will – tips from San Luis Obispo estate planning attorneys

Managing a nonprofit’s assets means more than keeping track of capital assets such as equipment, tools, real property, income and expenditures. It also means managing assets in a way that creates a sustainable financial future and making sure the organization’s mission continues to be served. The attorneys for nonprofits from San Luis Obispo’s Toews Law… Continue Reading Top tips for managing a nonprofit’s assets from the San Luis Obispo attorneys for nonprofits

The occurrence of a major life event, is a good time to assess whether your trust, will and estate plan needs to be updated. The estate planning attorneys from San Luis Obispo’s Toews Law Group, Inc. have prepared a list of important life events that might mean it’s time to update the terms of your… Continue Reading When to update your trust and will— tips from San Luis Obispo estate planning attorneys

“Should I put my new home in a trust?” is a frequent question posed to estate planning attorneys, and there’s more than one answer depending on whether the home is your residence or a rental property. The estate planning attorneys at San Luis Obispo’s Toews Law Group, Inc. recently released a report summarizing the options… Continue Reading San Luis Obispo estate planning attorneys release the report ‘Estate planning options for new homeowners’

Probate is a legal process during which a court determines the heirs, value, debts, and distribution of a deceased person’s estate. In a probate matter, the court appoints and supervises an executor or administrator to marshal the assets, pay the debts and liabilities, and distribute the remaining assets to the beneficiaries of the decedent. Typically,… Continue Reading San Luis Obispo Probate Attorneys Answer Common Questions about Probate in California

As concerns regarding COVID-19 ease, the economy appears primed to grow quickly business owners may be tempted to expand their business to states other than California. Some states are more friendly to new businesses, and opening a new office or plant in one of those states is tempting, but the San Luis Obispo corporate law… Continue Reading San Luis Obispo Corporate Law Attorneys Announce Considerations for Expanding Business to Other States

As Californians look forward to the lifting of COVID-19 restrictions on June 15, businesses are revamping and reorganizing in preparation. The attorneys from San Luis Obispo Toews Law Group, Inc. have preorganized some strategies that can help businesses return to business as usual. These strategies include: Knowing what June 15 means for California businesses Applying… Continue Reading San Luis Obispo Attorneys Summarize Strategies for Business Recovery After COVID-19

-Estate Planning is often associated with something to be done later in life, once the kids have gone off to college or when parents start preparing for retirement. However, a well-constructed estate plan is important regardless of age and the estate planning attorneys from San Luis Obispo’s Toews Law Group, Inc. have some estate planning… Continue Reading San Luis Obispo Estate Planning Attorneys Announce ‘Estate Planning Strategies for New Parents’

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