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,.
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.
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.
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.
Do I have enough to retire? Am I on track with meeting my financial goals? Are my investments aligned with my aspirations?.
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,.
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly.
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.
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.
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.
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.
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.
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.
The IRS has mandated due date changes for the upcoming tax filing season. These changes relate to certain tax returns, and informational returns and.
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.
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.
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.
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.