Estates & Trusts

Proposition 19? Step up in basis? What are these and will they affect me?

February 9, 2021 | Estates & Trusts, Income Tax, Industry News

With the passage of Proposition 19 and the change of administration in the White House, there is a lot of confusion about real property transfers,.

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Proposition 19 Goes Into Effect February 16, 2021

January 19, 2021 | Estates & Trusts, Income Tax, Industry News

Proposition 19 goes into effect on February 16, 2021 and the favorable property tax reassessment terms for gifts from parents to children are going to.

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Estate Planning Through the Years

January 27, 2020 | Estates & Trusts, Firm News

  Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general guidelines can be drawn.

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2019 IRA Contributions Can Still Be Made

January 8, 2020 | Estates & Trusts, Firm News, Income Tax

2019 IRA contributions can be made until the tax filing deadline of April 15, 2020. Good news, the contribution limit increased in 2019 by $500 to $6000.

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Are you worried about your financial plan?

May 7, 2019 | Estates & Trusts, Firm News, Other

  Do I have enough to retire?   Am I on track with meeting my financial goals?   Are my investments aligned with my aspirations?.

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The stretch IRA: A simple yet powerful estate planning tool

October 25, 2017 | Estates & Trusts, Firm News, Income Tax

The IRA’s value as a retirement planning tool is well known: IRA assets compound on a tax-deferred (or, in the case of a Roth IRA,.

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Have you properly funded your revocable trust?

October 11, 2017 | Estates & Trusts, Firm News, Income Tax, Service Areas

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly.

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Asset valuations and your estate plan go hand in hand

June 7, 2017 | Estates & Trusts, Income Tax, Industry News

If your estate plan calls for making noncash gifts in trust or outright to beneficiaries, you need to know the values of those gifts and.

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Worried about challenges to your estate plan? Make it no contest

May 30, 2017 | Estates & Trusts, Firm News

Estate planning is all about protecting your family and ensuring that your wealth is distributed according to your wishes. So the idea that someone might.

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Acquaint Yourself With The Roth IRA As An Estate Planning Tool

April 26, 2017 | Estates & Trusts, Industry News

A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as it exists and requiring no distributions.

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Will your favorite charity accept your donation?

April 20, 2017 | Estates & Trusts, Industry News

If your estate plan includes charitable donations, be sure to discuss any planned gifts with the intended recipients before you finalize your plan. This is.

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The Ins and Outs of Holding Joint Title to Property

April 11, 2017 | Estates & Trusts, Industry News, Other, Service Areas

Owning assets jointly with one or more children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it can produce unintended.

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Direct Tuition Payments Benefit Your Grandchild and Your Estate Plan

March 23, 2017 | Estates & Trusts, Income Tax, Industry News, Other

Grandparents often want to play a role in financing their grandchildren’s education. If you’re one of them, it’s important to consider the impact that different.

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IRS MANDATED TAX DUE DATE CHANGES

December 6, 2016 | Agriculture, Business Services, Estates & Trusts, Firm News, Governmental Agencies, Income Tax, Industry News, Nonprofit Organizations, Other, Owner Managed Businesses, Private Schools & Faith-Based Institutions, Service Areas

  The IRS has mandated due date changes for the upcoming tax filing season. These changes relate to certain tax returns, and informational returns and.

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WARNING: NEW, SOPHISTICATED IRS SCAM

October 13, 2016 | Business Services, Estates & Trusts, Income Tax, Industry News, Other, Service Areas

Please take a minute to read about the following new and sophisticated scam the IRS is alerting the American public to: Scammers are sending phony.

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Is your estate plan relevant in 2016?

June 14, 2016 | Estates & Trusts

Most people are unaware of the complexity of our estate tax laws and how they affect one’s estate plan. A lot has changed in recent years. As an.

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Important Notice: MyFTB Access Notifications

February 2, 2016 | Business Services, Estates & Trusts, Income Tax, Industry News, Owner Managed Businesses

Effective January 2016, the Franchise Tax Board enhanced securities for access to file, pay, and manage your taxes through their MyFTB portal, which provides tax.

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Online Asset ePlan

December 8, 2015 | Estates & Trusts, Firm News, Income Tax, Service Areas

Do you have an “ePlan”? Many Americans have 30-80 online accounts with different passwords, and many of those accounts are financial in nature. Yet many people.

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