LEGAL NEWS & BLOG
By Mary Korkodian & Brad N. Baker
The unusual crisis of COVID-19 has affected and disrupted almost every aspect of our daily lives. As we grapple with changes in our day-to-day routine, many of us also are experiencing stress and worry about the unknown. One way to alleviate some worry and anxiety is to have an estate plan that reflects our wishes and values.
Summer Intern Spotlight
Meet Ryan Duffy, our summer intern from UCLA Law School. Ryan has returned to Baker, Burton & Lundy for a second internship in our Litigation department – and we love having him back another time!
Learn more about Ryan and what he likes about the law in our blog.
By Albro L. Lundy III, Trial Lawyer
This month over 90 women including some of the most famous US Olympic gymnasts filed a $1 billion suit against the FBI for ignoring claims of sexual assault, and then mishandling the victims’ claims and then covering up their neglect. This highlights one of the most pernicious problems in stopping sexual abuse – the lack of support victims face when they finally come forward to confront an abuser.
Auction Ends Monday May 30!
Baker, Burton & Lundy is proud to display one of the 74 decorated surfboards for the Leadership Hermosa Beach 2022 project which are placed all around the city. Painted by artists Jennifer and Justin Mars, the colorful board “Beach Views” is featured on the roof deck of the Hermosa Beach law firm.
By Alese Lesser
After a freeze on the limit of damages that can be recovered from medical malpractice under the 1975 MICRA law, there is a new agreement between the medical community and the legal community set to be approved by June 30, 2023. This will take a step toward allowing patients who have been injured by doctors and/or healthcare facilities to be justly compensated for injuries.
By Brad N. Baker
For over 46 years as I have watched from the sidelines helping clients with estate planning and then probate and trust administration after they lose a loved one, there seems to be a consistent pattern. After losing a parent, or spouse, or child, or sibling, we who are left here seem to be in a fog for some period of time. I don’t know how long this will last for any individual. Everyone has his or her own journey.
By Mary Korkodian & Brad N. Baker
For California properties, property tax planning was and remains of tremendous import. However, it was the often-overlooked child in the estate planning world until the passing of Proposition 19. With so many negatively impacted by Proposition 19, more people are beginning to focus their attention on property tax planning for their children.
ONLY TWO MORE DAYS!
For the second year in a row, the IRS has temporarily suspended limits on charitable deductions to qualified organizations – which allows you to give to non-profits and to save more money on your taxes.
By Albro L. Lundy III
Another week, another powerful person is accused of disturbing sexual harassment and assault allegations. Sexual harassment and abuse is the issue that doesn’t go away. Why are these cases in the news? Because women are bravely coming forward to give evidence of the assaults they suffered and their experiences – and more and more, their voices are being heard.
In the realm of real estate law, every lease includes an implied covenant that the tenant has the right to quiet possession of the leased premises during the term stated. It is important for both landlords and tenants to understand that this “covenant of quiet enjoyment” provides tenants with the right to possess and use the leased premises for the purposes contemplated by the Lease without interference from the landlord…
Now may be your last chance to use your $11.7M Gift Tax Exemption which is at a historically high level. For single people with an estate valued at over $10 million and for married couples with an estate valued at over $20 million, transferring assets now to your children could save millions of dollars in estate taxes. Read more about the changes in Biden’s proposed tax plan and estate planning strategies.
In the shock of a car accident, it can be easy to miss getting the information you need. Each year, millions of people are injured and unfortunately thousands die in motor vehicle accidents. Keep this handy guide of 12 things to protect your rights and get the help you or your passengers need if you get in an accident.
Estate planning attorneys Brad Baker and Mary Korkodian share how married couples can use the estate planning tool Portability in their estate plan to minimize estate taxes and pass more along to their heirs.
Have you gifted property to your children? Many people did before the Proposition 19 deadline in February 2021. Here are some important items that you need to do next.
Commercial Leasing has faced unprecedented challenges in working out conflicts between tenants and landlords due to pandemic and governmental intervention.