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You’ve put blood, sweat, and tears into your family and your business. Now it’s time to protect it.
NOVEMBER 2024
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It’s often said that excellence is going the extra mile. I’ve always believed that when you’re passionate about something — whether it’s your work, hobby, or personal goal — you should give it everything you’ve got. Doing things with half measures doesn’t cut it. If you really care about something, it deserves your full attention, effort, and commitment. It’s about showing up, pushing boundaries, and striving to go beyond the bare minimum. When you approach life with this mindset, the results are rewarding and can be life-changing. At Dahl Law Group, we apply this philosophy every day. Take probate cases, for example. We’ve had clients come to us with complicated and difficult probate situations that other attorneys wouldn’t touch. These cases can scare people away — perhaps because they require more time, attention, and creativity than the average legal case. But instead of turning these clients away, we sit down with them, roll up our sleeves, and figure out how we can help. We go the extra mile to ensure that the estates of their loved ones are properly handled and passed on. Getting everything sorted out sometimes requires multiple legal actions through the courts, navigating tricky legal actions, and taking a step back to problem-solve. These clients are always appreciative, not just because we found a solution but because we were willing to dig in and refuse to give up when the situation got tough. Going the extra mile for our clients isn’t something we consider optional — it’s just how we operate. We’re constantly finding innovative ways to help those who trust us with some of the most important moments in their lives. This principle applies just as much outside of work. Whether it’s a hobby, family time, or self-care, I believe in diving deep and doing everything to the fullest. If you’re skiing, give it your all. If you’re learning a new skill, immerse yourself in it. If you’re Excellence in Action We Refuse to Settle for Half Measures at Dahl Law Group
spending time with loved ones, be fully present. Anything less is selling yourself — and those around you — short.
Today’s world is constantly changing, and if you’re not adapting, growing, or trying something new, you’ll find yourself stuck or even left behind. This is true both personally and professionally. In business, we’re always looking for ways to improve our processes and stay up-to-date with the latest legal developments, while making sure we’re delivering the best possible service to our clients. Sometimes that means learning a new technology, attending seminars, or just stepping outside of our comfort zone to try something different. In the end, innovation keeps us moving forward, growing, and ready to tackle whatever challenges come our way. On Nov. 1, we observed Extra Mile Day. This is a day dedicated to pushing us to go that little bit further — to stretch ourselves and reach our big and small goals. This day is a great example of everything I believe in, so it’s pretty cool that it made it on the calendar! Giving everything you have doesn’t mean you won’t
face obstacles — whether it’s a complex legal case or a personal setback. However, it does mean that when those challenges arise, you face them head-on, knowing that you’ve got the tenacity, creativity, and drive to find a solution!
–Elliott Harry
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Protecting Your California Real Estate
Did You Know? Did you know that Prince passed away without a will, leading to a lengthy probate battle over his $156 million estate? It’s true! Even celebrities like James Brown and Aretha Franklin left complicated estates that took years to resolve. PROBATE CASES CAN INVOLVE UNCLAIMED ASSETS In some probate cases, long-lost or unknown heirs suddenly appear when a will is contested. Treasure hunters and genealogists even specialize in tracking down heirs for estates with unclaimed assets! OUTDATED WILLS CAN LEAD TO COMPLICATIONS Sometimes, people forget to update their wills, which creates a mess. Family dynamics can shift over time, and outdated wills may leave assets to people no longer close to the deceased or exclude new family members.
How a DAPT Can Shield Your Assets
A Domestic Asset Protection Trust (DAPT) is a useful tool for California real estate investors who want to shield their assets, but it’s important to note that California does not recognize DAPTs. This raises the question: How can you utilize a DAPT to protect your California real estate portfolio? The answer lies in leveraging states’ laws that permit DAPTs, allowing you to create a structure that protects your real estate assets from potential creditors and litigation. ESTABLISHING A DOMESTIC ASSET PROTECTION TRUST THROUGH A LIMITED LIABILITY COMPANY A DAPT is a self-settled irrevocable trust, meaning assets (such as real estate) are no longer formally owned by you. The most tremendous benefit comes if you are personally sued. While holding California real estate in an LLC formed in another state is beneficial for asset protection purposes, there is no guarantee a judge will respect the reverse piercing protections of these LLCs, and your real estate within the DAPT could still be at risk. The protection is almost guaranteed if a DAPT owns the LLC that holds your California real estate. Of course, a DAPT will shield you from potential litigation arising at a rental property or other properties held within the DAPT. Because California does not recognize these, you would need to establish them in one of the states that do and then transfer the LLC into the DAPT formed in that same state. Using an LLC to own California real estate investments is a common decision to separate property owners from the actual operations and risks associated with an extensive portfolio. This shields you from future creditors, litigation, and other financial issues that you would otherwise be exposed to if you did not establish a DAPT for your California properties. At Dahl Law Group, we have extensive experience helping California real estate investors protect their properties and businesses through various legal strategies, including DAPTs. We will work with you to explore all available options to protect your investments, and a DAPT may be your best solution. Contact Dahl Law Group today at our Sacramento or San Diego office to get started on creating a plan that protects your assets and secures your financial future. ESTABLISH AN OUT-OF-STATE DOMESTIC ASSET PROTECTION TRUST
Do you have a friend who needs our help? When you’re done reading, give them this newsletter and recommend they scan our QR code. We can help them solve their tax, business, or estate planning problems before things get worse.
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Key Strategies for Sustaining Operations Creating a Business Continuity Plan
Establishing a Business Continuity Plan (BCP) is essential for any business owner who plans to ensure the longevity of their enterprise. A BCP is a proactive strategy that prepares your business and its employees to quickly address and move past potential risks that could otherwise disrupt operations. In California, where the business landscape is often full of challenges, having a thorough continuity plan is crucial. Your BCP should first define and prioritize your business’s internal and external risks. This requires a comprehensive review of all levels of the business and an honest accounting of any weak points that create instability, put personnel or assets at risk, and slow the progress of the business. A business impact analysis is a part of any BCP to determine how impactful an individual risk may be. WHAT SHOULD MY BUSINESS CONTINUITY PLAN INCLUDE?
Risks often include:
to your company. Once solutions are uncovered, all relevant employees should be trained on the processes necessary to mitigate and overcome these risks. BUSINESS CONTINUITY PLANS CREATE SUSTAINABILITY AND LONGEVITY An effective BCP keeps your business running smoothly, even when unexpected challenges arise. By working with Dahl Law Group to establish a BCP, you take a step toward ensuring the sustainability and longevity of your business. A well-crafted plan provides peace of mind to executives, employees, owners, and their families and lays out clear steps for maintaining operations during disruptions. If you’re ready to protect your business’s future, contact Dahl Law Group today to learn how we can help you create a robust Business Continuity Plan.
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Cyber security threats
Natural disasters
Supply chain disruptions Equipment or system failure Death and injury of employees or owners Breaches of trade secrets and confidential information Sudden extensive employee or shareholder turnover Significant and sudden loss of monthly revenue
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Once you’ve identified and prioritized risks (generally filtering by urgency, overall financial impact, resource expenditure, and any risks that hinder day-to-day operations), implement effective mitigation strategies that have a limited impact on daily activities within the business. A trial-and-error stage isn’t uncommon when determining what procedures help avoid unnecessary risks
Greek Chicken and Rice
SUDOKU
Ingredients • 2 tbsp olive oil • 1 onion, diced
• 2 cups chicken broth • 1 (14-oz) can diced tomatoes • 1 cup uncooked long-grain white rice • Juice of 1 lemon • 1/2 cup feta cheese • Salt and pepper, to taste
• 2 cloves garlic, minced • 2 lbs boneless, skinless chicken breasts, cubed • 1 tsp dried oregano • 1 tsp dried thyme
Directions 1. In a large skillet over medium heat, heat olive oil and sauté onion and garlic until softened. 2. Add chicken, oregano, and thyme and cook until the chicken is no longer pink, about 3–4 minutes. 3. Pour in chicken broth, diced tomatoes, and rice. Bring to a boil, then reduce heat to low and cover. Simmer for 15 minutes or until the rice is cooked through. 4. Stir in the lemon juice and feta cheese, then season with salt and pepper.
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INSIDE What’s 2. 1. Going All In
The Hidden Complexities of Probate Using an Out-of-State DAPT for California Real Estate Protection Business Continuity Planning 101 Greek Chicken and Rice How to Turn Your Backyard Into a Touchdown Zone
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Get in the Game Score Big With Family- Friendly Touch Football FOLLOW THE RULES Before you start playing, ensure both teams agree on the rules. There are obvious ones, like where the end zones are, how many points a touchdown is worth, and how many downs each team has — either to get a touchdown or, space permitting, a first down. You also must determine what constitutes a player as “down” — when one or two hands touch the player with the ball, whether they need to be touched on the torso or anywhere, etc. You also have to decide if a team doesn’t score, whether the opposing team takes over from where the ball ended up, or whether each team has a set starting point for each drive. Once you prepare everything, it’s time to hit the field. You can determine which team gets the ball first with a game of rock-paper- scissors and play until one team reaches a predetermined score … or it’s time to go inside and enjoy a family meal. Remember, the best part of family touch football isn’t just the touchdowns — the laughter, teamwork, and fun make every play memorable.
Ready to tackle some family fun? Nothing beats a good old- fashioned game of touch football when the weather outside cools. It’s the perfect way to get everyone running, laughing, and scoring a few points — without needing to be a pro quarterback. So, grab some comfortable shoes, and let’s dive into the playbook for the MVP of family games! MAKE BALANCED TEAMS To get started, create two teams among your family, with at least two players on each team. While letting kids choose their teams is fine in most cases, remember that the more balanced the teams are, the more fun everyone will have. If you have an uneven number of players, you can follow an old playground rule and have one of the older players be the quarterback for both teams, ensuring everyone gets to play while the game remains balanced. Once you form teams, create the playing field by setting up small cones or beanbags to mark boundaries and end zones.
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