A well-known fact that bears repeating is that an irrevocable trust is only good for avoiding probate to the extent it is actually funded with assets. If California’s summary probate procedures are unavailable (a topic for another blog) the personal representative of a decedent’s estate may need to resort to probating assets that are not […]

Read More

Buy-sell agreements are contracts by which interest holders in entities may seek to maintain control over the ownership and management of their business by restricting or compelling the transfer of the ownership interests.

Read More

In a prior blog, I briefly discussed relevant state law regarding the formation and operation of medical marijuana cooperatives and collectives, pursuant to the Compassionate Use Act (the Act), Medical Marijuana Program Act (the Program) and California Attorney General Aug. 2008 Guidelines. In response to the rampant proliferation of medical marijuana dispensaries (MMD’s), many cities […]

Read More

A bankruptcy court recently ruled on what constitutes “goods” that are entitled to a priority administrative claim for their value under § 503(b)(9) of the Bankruptcy Code.

Read More

The Compassionate Use Act of 1996 (Prop 215) and the Medical Marijuana Program Act (Senate Bill 420) decriminalized medical marijuana use and implemented a statewide identification card system for medical marijuana users and providers under California law. Since then, scores of medical marijuana “dispensaries” began operating throughout California.

Read More

Proposed California laws will increase the liability of those persons who prepare real property valuations, opine on the value of real property or influence appraisers.

Read More