The Perfect Storm In Estate Planning
While the perils of Covid-19 have continued to take a human as well as an economic toll in United States, a perfect storm of...
What to Consider in an Estate Plan so the Beneficiaries do not Inherit a...
We recently had a client die, where his estate plan enabled all four children to share a house and ensured they had the money...
Why is a Charitable Lead Annuity Trust the ideal vehicle for Estate Planning, Income...
Charitable lead annuity trusts (CLAT) have been around since the 1970s. But until recently, these trusts have not been used much by run-of-the-mill millionaires....
Are California Limited Liability Companies still a worthwhile Vehicle for Asset Protection in California?
The general rule in all states, including California, is that the money or property of a Limited Liability Company (LLC) cannot be attached by...
IRS Issues Guidance on New Bonus Depreciation Rules
The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and...
The Cost of Dying Is About To Go Up! Say Hello to California State...
Approximately one third of the states in the U.S. have some form of Estate or Inheritance Tax. California repealed its version of Inheritance Tax...
Three Reasons To Use A Professional For Estate Administration
Being named Trustee of an estate places many legal and fiduciary responsibilities on that person. A Trustee must wrap up the decedent’s affairs, arrange...
How to best protect your IRA and 401ks from creditors and maximize the income...
For many, a not so small part of their wealth is held in retirement accounts. When it comes to inheritance and estate planning, special...
Dynasty Trusts – The Ultimate Estate and Wealth Planning Vehicle
As the name suggests, a dynasty trust allows individuals with significant wealth to provide for multiple generations of descendants. Typically, a dynasty trust is...
Why is Nevada the Preferred Jurisdiction for Domestic Asset Protection Trusts?
A Domestic Asset Protection Trust “DAPT” is an irrevocable trust in which the creator of the trust is a discretionary beneficiary. The trust may...
