The Penalty for Stealing from an Estate

What is the Penalty for Stealing from an Estate?

Discovering that an individual has been stealing from an estate is a common problem, particularly for people who have substantial assets. Those living in the state of California, are covered by the California Probate Code, which provides statutory bases for pursuing the wrongdoer. Depending on the circumstances, the penalty can range from requiring the abuser to return the stolen money or assets to more severe punishments, such as double damages, […]

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Southern California's Top 5 Wealthiest Neighborhoods

Looking for Your Next Property? Here are Southern California’s Top 5 Wealthiest Neighborhoods

Using census data from the period of 2006-2010, a study revealed the richest neighborhoods in the United States. Comparing metrics such as average household income and property values, it should be no surprise that many of them are located in California. Coming in high on the list were coastal communities located in the Los Angeles and San Diego areas. The entertainment industry, balmy weather, white sandy beaches, and palm trees […]

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The Sanders 99.5% Act's Estate Tax Proposal

The Sanders 99.5% Act’s Estate Tax Proposal

Use it or Lose it: The Sanders 99.5% Act’s Estate Tax Proposal On March 25, 2021, Senator Sanders and the Whitehouse formally proposed a bill which would make changes to the current estate and gift tax system. This bill apparently has some support among Democratic Senators and Congressmen. While it is the hope of many that this proposed law will not be enacted, it seems best to “plan for the […]

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Big Changes to Trust Taxation Could be Coming

Big Changes to Trust Taxation Could be Coming. Are You Prepared?

Dear Clients, Colleagues and Friends, One Democratic estate tax policy proposal must be carefully watched when debate on the Biden tax plan begins: the potential changes to the grantor trust rules embedded in the Sanders ‘For the 99.8 Percent Act.’ This proposal would add new Section 2901 to the Code and would change grantor trust taxation in four important ways.  If you, as grantor, formed an irrevocable trust to remove […]

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Financial planning advice for executive women

Financial planning advice for executive women

As America’s society is becoming more progressive concerning gender roles, more women than ever are climbing the corporate ladder. The latest influential and affluent demographic in the states, career women aren’t just making money, but they’re making a lot of it. According to the Boston Consulting Group, women’s wealth worldwide will increase 7% a year for a total of $72.1 trillion. At first, it seems that women have been succeeding […]

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How to Handle Frivolous Lawsuits

A frivolous lawsuit is one in that has no legal merit and, therefore, has no chance of actually succeeding.  A frivolous lawsuit is often filed with the intention of harassing, annoying, or disturbing the other party in question. In some cases, the lawsuit is filed to limit the collection and/or foreclosure proceedings on an outstanding debt as a possible strategy to settle the case for less. Litigious people will threaten […]

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Client Alert

Estate Planning for Cryptocurrency Investors

Estate Planning for Cryptocurrency Holders Cryptocurrencies might be the way of the future. They could also require significant changes to your estate plan. Cryptocurrencies gained popularity in the past few years, especially with the rise of one of the most popular cryptocurrencies, Bitcoin. Cryptocurrencies are digital assets that do not require a centralized bank. Instead, they allow the transfer of funds electronically. Currently, one Bitcoin is equal to nearly $3,500 […]

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Client Alert

New Year’s Resolution: Set Up Your Estate Plan in 2019

The New Year is finally here. January is a time to begin what you might have been putting off the year before. As you begin to embark on your New Year’s resolutions, consider adding another resolution to your list: creating an estate plan. According to Forbes, an estate plan is the best gift you can give yourself this year. Consider the five following reasons you should create an estate plan […]

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Client Alert

Continuing Care for Your Pet After You Pass Away

When determining your estate plan, it is important to remember all members of your family. While you might have already set up distribution methods for your beneficiaries, it is important to leave a portion of your assets aside for the continuing care of an important family member: your pet. Pets have been considered in high-asset estate plans for many years. Billionaire and hotel heiress, Leona Helmsley, made pet trusts famous […]

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Client Alert

Why estate planning is different for women

Depending on the size and value of your estate, the estate planning process can be quite complex. However, it is not only the value of your estate that affects how you should design your estate plans. If you are a woman, you need to approach the estate planning process a little differently. There are a few reasons for this. On average, women live 4.9 years longer than men. A longer […]

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