A tool in California that asset protection lawyers use is a Delaware Statutory Trust, otherwise known as a DST. The mechanics are rather simple and set forth in the Delaware Statutory Trust Act. One erects the business structure with the appropriate documentary filings including the naming of non-California agents to act on behalf of the trust. These things together act to limit liability by having the official actors out of state. The out-of-state defendant is harder to involve in a California lawsuit.
The benefits include circumventing the standard California business tax and asset protection. In addition, a DST may be … Read More
Thomas A. Haeuser
Partner Thomas A. Haeuser takes on new role as HVP advisor and community leader
We are proud and pleased to announce that our long-time partner Thomas Haeuser will be taking on a new role at the firm in the new year. Effective January 1 2022, Tom will continue to serve in an advisory capacity, taking a step back from active practice to focus on community activities. Those around town already know Tom for his presence on the Plaza and his unflagging efforts to make our town and the surrounding community a special place for businesses and families … Read More
Fiduciary originates from Latin fidere, which means “to trust.”
Join the discussion between lawyer Mary Piasta and Lori Beth Merrill of Haeuser, Valluzzo & Piasta LLP as they discuss the things you want to know about fiduciaries, what they are, how they are regulated, and how they can help loved ones.
In case you missed it…
Click here to view the video courtesy of Vintage House Sonoma… Read More
In this day and age of websites, blogs, coaching programs and such, if you own a business that has these things, if something were to happen to you, what would happen to these things?
These sort of things are what is referred to as ‘intellectual properties’ and if you have a will or estate plan that includes directives for your business you might think more about protecting these aspects to your business or endeavor.
Under the law, in the broadest sense an intellectual property is an abstract item such a concept, ideas or formula and so on. To protect things … Read More
Recently as marriage equality and identity classifications have been critiqued more closely by the LGBTQ community, here’s some info about name changes.
Basically it’s not that difficult.
Anybody can change their name legally. Just make sure it is not to commit fraud or make a false identity.
The simplest and most common is when people marry.
Today’s customs and attitudes about marriage lets women keep a “maiden name” or allows for a hyphenated name.
Hyphenated names are used in England. Historically, it has been part of the class or caste-system in English society. Hyphenated names were passed down as a … Read More
by Mary Piasta
When we talk of asset protection, many think of bankruptcy. But there is a social norm with this type of word preventing many from considering it seriously. The truth is that many very wealthy individuals in our country are not so dissuaded and utilize filing for bankruptcy as a means to preserve wealth.
For example, one entrepreneur went through bankruptcy four times in his life and left a legacy including a private foundation. For others it means wiping the slate clean to rebuild their wealth.
Historically speaking bankruptcy was a way to depart from the English precedent … Read More