30 December
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The Mad Dash is Over – For Now
The mad dash to take advantage of the $11.7 million gift and estate tax exemption before the end of 2021 is now over. So what should be our strategy from here?...
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The mad dash to take advantage of the $11.7 million gift and estate tax exemption before the end of 2021 is now over. So what should be our strategy from here?...
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Potential tax law changes coming soon as a result of the recent house proposal, keep reading to see how this may impact you....
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Learn about the new tax changes and if you will be impacted by them....
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Among other changes to Prop. 13, many people will experience a negative impact from Prop. 19, since it considerably limits the availability of the parent-child exclusion for purposes of limiting reassessment of real estate property taxes upon the transfer of property from parents to children. And for those with estates over $5 million, there are opportunities prior to enactment of the new tax laws. ...
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Because our office is already fielding dozens and dozens of inquiries regarding this unique circumstance, it is important that you call us now if you desire to receive counsel and assistance, prior to the end of the year, in determining how such a 2020 gift might be beneficial to your family and estate. ...
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Estate planning is making a plan for your assets after you die. It can be a confusing time because there are so many options, laws, and regulations. One choice that is offered in Nevada is the trust. A trust is a fiduciary arrangement that names a trustee to hold and manage your assets on behalf of your beneficiaries. In Nevada, it is possible to design a trust that can help protect future generations in your family and make sure that they are taken care of financially. ...
Continue readingThe choice of marital deduction funding formula can affect the revocable trust in many ways. ...
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Get answers to some of the more commonly-asked California state income tax questions associated with changing residency from California to Nevada....
Continue readingBecome an expert on how generation skipping transfer (GST) taxes & trusts (sometimes called Dynasty Trusts) are to be handled. ...
Continue readingWith the passage of the recent tax act, you may be wondering what your strategy for avoiding estate and gift taxes should be now. First of all, for those of us who have less than $5 million and expect to always have less than $5 million, nothing has changed. You did not have an estate tax problem before the tax bill was passed and you do not have an estate tax problem now that it is passed. What about those who are in the $5 million range, right on the cusp of being subject to estate tax at death? First, if you...
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