Creating Your Family Legacy

After you are gone, your loved ones will miss you deeply. They will long for your words of encouragement and concern. Hearing your voice again is a tremendous gift. At Sky Unlimited Legal Advisory, we guide you to leave a legacy that includes much more than just your money.

 

Through our unique legacy process, you can give your loved ones a most precious gift - a lasting expression of your love. Is there anything more priceless?

 

We believe estate planning is not just about transferring your financial assets and personal belongings, it's also about capturing and transferring your valuable intangible gifts: who you are and what's important to you - your values, insights, stories and experiences.

 

"It's too often I hear from colleagues how so few people ever leave their loved ones some lasting legacy of themselves. They even tell their clients to record a message and put it in a safe place or simply write notes to their children letting them know how they felt about them. But we all get caught up with our day-to-day that focusing in on leaving a legacy falls behind."

 

Yaasha Sabba

 

At Sky Unlimited Legal Advisory, preparing a Family Legacy is part of how we help you capture and pass on more than just your money: your intellectual, spiritual and human assets - who you are and what's important to you.

 

"I love hearing from many how the thoughts, feelings, memories, and advice they share - especially parents - is the real gift that they give to their families. It's the point of pride that I take in my practice to be able to help clients create their true, lasting legacy. That is so much more important than the paper documents in their binder. "

 

Yaasha Sabba

 

For more information about creating a Family Legacy, please contact us at (650) 761-0992, today.

 


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Four Things Business Owners Should Know about Trademark Infringement

Against the backdrop of globalization and the expansion of online business activity, trademark infringement is on the rise.

Most elements of business branding—name, logo, design—are readily available online, making it easier for people to knowingly or unknowingly use the intellectual property of others. As a business owner, you must prioritize both protecting your own trademarks and avoiding infringement of others’ marks. The following are important concepts to understand as you develop your business’s trademark strategy.

 

1. What is a trademark? A trademark identifies a business or individual as the source of a good or service. It can take the form of words, phrases, symbols, designs, colors, or a combination of elements. Marks that identify the source of a service are called service marks; however, in practice, the term trademark is broadly used to identify both service marks and trademarks. The United States Patent and Trademark Office is the federal agency responsible for reviewing and registering trademarks in the United States.

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Insurance Coverage You Might Not Know You Need

When you are just starting your business, it’s easy to lose sight of just how many potential risks your company faces.

Yet a single catastrophic event, accident, or lawsuit can wipe out your company before it even has the chance to get off the ground.

 

What’s more, as we’ve seen with the events of 2020, there are a number of threats and worst-case scenarios that even the most successful companies can fail to consider in advance.  Although you can’t protect your business 100% from every single threat, you can greatly improve your chances of surviving any potential liability by having the proper insurance coverage in place.

 

That said, there are many types of business insurance available, some of which are a must-have for nearly every entrepreneur, and others you might not need. Given this, before you sit down with an insurance agent, it’s vital to know the specific risks your company faces and what types of coverage will best cover those risks.

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COVID-19 Highlights Critical Need for Advance Healthcare Directives—Part 2

With new cases of COVID-19 currently surging in dozens of states, doctors across the country are joining lawyers in urging Americans to create the proper estate planning documents, so medical providers can better coordinate their treatment and care should they become hospitalized with the virus.

In the first part of this series, we discussed the vital importance of having updated advance directives in place in light of COVID-19. Here, we’ll look at several additional provisions you should consider adding to your directives to address potential contingencies related to the pandemic.

 

The most crucial planning tools for this purpose are medical power of attorney and a living will, advance healthcare directives that work together to help describe your wishes for medical treatment and end-of-life care should you become unable to express your own wishes. While all adults over age 18 should put these documents in place as soon as possible, if you are over age 60 or have a chronic underlying health condition, the urgency is paramount.

 

COVID-19 Considerations

What’s more, in light of COVID-19, even if you’ve already created these documents, you should revisit them to ensure they are up-to-date and address specific scenarios related to the coronavirus. In the first part of this series, we discussed some unique circumstances related to COVID-19 and its treatment that you should be aware of when creating or updating your directives.

Here, we offer several more provisions you should consider adding to your directives to ensure the documents address as many potential contingencies as possible during the ongoing pandemic.  

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Estate Planning Tips for Ensuring Your Pets Are Properly Cared For

It’s sad but true that many pets end up in shelters after their owner dies or becomes incapacitated.

In fact, the Humane Society estimates that between 100,00 to 500,000 pets are placed in shelters each year for exactly this reason, and a large number of these animals are ultimately euthanized.

 

Whether we like it or not, the law considers pets to be nothing more than personal property just like cars, furniture, and electronic devices. In light of this cold reality, it’s vital that you provide for your pet’s future care through estate planning, so when you die or if you become incapacitated, your beloved friend won’t wind up in a shelter or worse.

 

The following tips offer helpful advice to ensure your faithful companion receives the best possible care when you’re no longer able to do it yourself.

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How To Get Access to Your COVID Stimulus Money

It’s the beginning of the month, and bills are coming due. If you are stressed out, it’s important that you know where and how to get access to financial relief.

Please consider this not only for yourself, but for your adult children and elderly parents, too, even if you do not need it for yourself.

 

On March 27, President Trump signed a $2.2 trillion stimulus bill into law that will hopefully provide some relief for many, perhaps including you. The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) sends money directly to Americans, expands unemployment coverage, and funds loans and grants for small businesses. So let’s look at how you can access these funds. 

 

Who gets direct stimulus money and how much do they get?

All eligible adults who have a Social Security Number, filed tax returns in 2018 and/or 2019 will automatically get a $1,200 direct stimulus deposit from the government within a particular income bracket. This is true whether you have been laid off, are currently employed, or are currently self-employed or an independent contractor.

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