Avelino Ken Law Office

Information may not be reliable

New California Real Estate Laws for 2011
The recent end of the 2009-10 legislative session has brought the end of short sale deficiency judgments for first loans, and other new laws affecting REALTORS and their clients. To view the full text of the following bills, go to www.leginfo.ca.gov. The Source of this information is from the California Association of Realtors.

ASSET PROTECTION PROTECT YOUR ASSETS
America has become the most litigous society in the world! Just read the paper or turn on the television, the our country is living through a litigation explosion with expanding theories of liabilities and outragious jury awards. What can an business persons and professionals do to help minimize one's vulnerability to law suits and judgments. The answer is Asset Protection.
ASSET PROTECTION IS NOT THE FOLLOWING:

Secretly hiding assets;
Fraudulently conveying assets to other relatives and friends for the purpose of avoiding paying credtiors;
Giving assets away after losing a case;

Security: by organizing and arranging assets in a legal manner that assist in preserving much of the value of an individual or families' assets if attacked by creditors, judgment liens, and frivolous lawsuits. Asset Protection does not guarantee that a creditor will not be able to attach one's assets.
Privacy: reduce the number of assets that can be seen in public records.

To achieve this goal, an attorney will combine business, estate, family planning, along with asset protection methods. However, asset protection does not deal with the secrecy of hiding assets, fraudulently transferring property or other fraudulant methods to avoid creditors. These methods, in most cases, can protect assets before liability is incurred, or these methods can make it very expensive for plaintiffs to file a lawsuit. These methods may not work for everyone. Please consult a lawyer if you can benefit from asset protection, and if so, which methods are best for your specific needs.

Whether you are starting or managing a business, or acquiring or merging with another business, we offer a full array of business and commercial legal advice. We bring excellent negotiation skills to a transaction tempered with a businessmans practicality. We then document a transaction to ensure that all agreements are properly and clearly drafted and executed so that our clients rights are protected to the fullest extent of the law. Some of our main practice areas include:

Business Formation--including Sole Proprietorship, Partnerships, Corporations, Limited Liability Companies (LLC), and Limited Partnerships (LP)
Corporate and Partnership takeovers and disputes

Real Estate Transactions
Considering the high-impact ramifications of buying and selling commercial real estate, clients expect and receive sound legal advice before closing a deal. Clients can be confident that they are well-protected from future litigation worries. We have expertise in negotiating, drafting and revising sales contracts, and reviewing title issues, financing and closing documents to ensure a smooth commercial property closing.
We represent buyers and sellers of shopping centers, apartment buildings, office buildings around the country. We are experienced in negotiating and documenting commercial, office, and subleases.

ESTATE PLANNING IS NOT JUST FOR THE RICH AND FAMOUS
Estate Planning is for everyone, not just the upper class. In fact, almost everyone can benefit from proper estate planning.
Estate Planning is the process of managing and placing a persons family and financial affairs in order. The goals involve maximizing the persons enjoyment of his or her estate (property and all other assets) during his or her lifetime and the beneficiaries (heirs, children, family, friends and church/charity) enjoyment of the estate after the person has passed away. Essentially, the objectives of Estate Planning include the following: