Mr. Hudack started his career in real estate, managing transactions for Fortune 500 companies. In addition to negotiating, executing, and closing acquisitions for sales and leases, he started and operated his own businesses. He has served as corporate and litigation counsel to community associations throughout California. Joe earned his Juris Doctorate from Western State College of Law, magna cum laude, so he could expand his practice and use his talents to assist clients with estate planning, business law, contract review and drafting, and real estate law services.
Asset protection has become a common goal of estate planning. Asset protection trusts come in many different forms and can be used to protect property for your use and benefit as well as for the use and benefit of your family. What is An Asset Protection Trust? An asset protection trust is a special type…
Liquidity Needs Liquidity Needs – Incapacity and death are expensive and often require cash to pay expenses. But, farmland, farming equipment, personal residences, automobiles, and other personal effects are illiquid. Without properly planning for immediate and long-term cash needs, families will be forced to quickly sell land and equipment for pennies on the dollar. Farmers,…
Asset Protection Trust Your Way Asset protection trust designed for inheritance protection can be as rigid or as flexible as you choose. For example, a beneficiary can be added as a co-trustee at a certain age or after the beneficiary reaches a specific goal such as graduating from college. Another option is to name a…
Is Joint Ownership For You? WORD OF CAUTION: Don’t think you’re protected just because your assets are held jointly with your spouse, child, or family member. Here are three reasons why you shouldn’t rely on joint ownership: Limited Power: While a joint account holder may be able to access your bank account to pay bills…
Documents You Need to Find After a Loved One Dies After a loved one dies, you need to gather the important documents that are necessary to settle their final affairs. While the documents required will vary depending on what your loved one owned and owed, below is a list of common documents you will need…
WHAT NOW? Since You Bought a New Home Now Is the Perfect Time to Review Your Existing Estate Plan. This is an excellent opportunity to make sure that the individuals you have appointed in the crucial roles of guardian, executor, agent, or trustee can still carry out those duties when the need arises. Over time,…
A Good Trustee Who Makes a Good Trustee? Not surprisingly, when choosing a trustee, the most critical characteristic is that they are great with finances and very trustworthy. Specifically, the trustee must manage the funds in accordance with your intent and instructions that are left in your trust. Consider whether he or she will honor…
What Are the Duties of an Executor? The duties of an executor, sometimes called a personal representative, is the person who is named in a will or appointed by the court and is responsible for probating the will and settling the estate. Depending on the state, an executor may work under court supervision or may…
Estate Planning Having an intentional financial strategy for incorporating your new grandchild’s future in your overall estate planning for grandchildren is an essential part of addressing your growing family’s needs. Not having an estate plan can have unintended results for your surviving family members. This is because intestacy — or your state’s applicable laws that…
How to Execute the Proper Estate Planning Documents? Execute the Proper Estate Planning Documents: A properly executed Will or Trust will allow you to state how you would like your assets to be transferred — and who will receive these assets — at your death. A Will or a Trust also lets you identify who…