Estate and Tax Planning

6 05, 2022

Estate Tax Considerations for 2022

2022-05-06T18:08:32+00:00By |Estate and Tax Planning, The Advisor|Comments Off on Estate Tax Considerations for 2022

The state of California is one of the most taxed in the country when it comes to income taxes. But there is some good news for those concerned about estate taxes — the state of California is one of the states that does not charge an estate tax. To learn more about California's transfer [...]

4 03, 2022

CHANGES IN ESTATE TAX RULES AND THE NEED TO REVIEW YOUR TRUST DOCUMENTS: An issue arising under married couples’ trusts signed prior to 2015

2022-09-15T22:38:12+00:00By |Estate and Tax Planning, The Advisor|Comments Off on CHANGES IN ESTATE TAX RULES AND THE NEED TO REVIEW YOUR TRUST DOCUMENTS: An issue arising under married couples’ trusts signed prior to 2015

January 2022 Many people create revocable probate avoidance type trusts and then mistakenly believe that they do not need to again look their estate planning documents until a crisis arises. Unfortunately, it may then be too late to avoid expensive steps to correct the issues that may have developed in the meantime. A very common [...]

10 02, 2021

California Implements Property Tax Changes for Seniors and Families

2021-05-29T00:26:38+00:00By |Estate and Tax Planning, The Advisor|Comments Off on California Implements Property Tax Changes for Seniors and Families

February 2021 On November 3rd, Californians voted by a slim margin to pass Proposition 19, the Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire and Natural Disasters Act (“Prop 19”). Prop 19 changes property tax benefits for all people who stand to inherit real property in California from their parents (or grandparents) [...]

1 04, 2019

Simplify Your Estate Planning Trust

2020-05-14T02:52:30+00:00By |Estate and Tax Planning, The Advisor, Uncategorized|Comments Off on Simplify Your Estate Planning Trust

March 2019 The Tax Cuts and Jobs Act of 2017 raised the federal gift and estate tax exemption substantially. The Unified Gift and Estate Tax Exemption is now $11,400,000.00 per person for 2019 (for a total of $22,800,000.00 when combined for a married couple). This means that most revocable trusts accomplished before 2018 are antiquated [...]

11 01, 2019

Avoiding Personal Liability and Limiting Taxes: Business Entities after the 2017 Tax Act

2020-05-13T05:04:58+00:00By |Business, Corporate and Venture, Estate and Tax Planning, The Advisor|Comments Off on Avoiding Personal Liability and Limiting Taxes: Business Entities after the 2017 Tax Act

Business activities, no matter how small, come with risk as well as tax liabilities, both of which can be reduced by operating through a legal entity --- a limited liability company or corporation. The Federal corporate tax rate for C Corporations[1] has plunged, down to 21%; a 20% qualified business income deduction applies to limited [...]

Go to Top