Client Alerts

Intrafamily Loans The Gift That Keeps on Giving

Intrafamily Loans – The Gift That Keeps on Giving

Dear Clients, Colleagues and Friends, Any of you who have children know that as parents, we often want to help our adult children who need a financial boost – and this assistance frequently comes in the form of a loan. Loans are an effective and common way for parents to foster a child’s independence, encourage responsibility and signal their confidence that their child can succeed on his or her own. […]

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gifting assets

Snooze You Lose! Gift Your Residence Now to Save Death Tax

Dear Clients, Colleagues and Friends, As you know, the Trump tax cuts (2017 Tax Cuts and Jobs Act) created unprecedented opportunities for individuals and families to transfer their legacies in a tax-efficient manner. These cuts allowed individuals to double their estate, gift, and generation-skipping transfer tax exemption amounts from previous levels. While the federal estate and gift tax exemption amount is currently $11.58 million per person (indexed for inflation), the […]

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Protecting Gifts to Minors

Protecting Gifts to Minors

GIFTS TO MINORS: Protecting Them From Your Child’s Future Creditors and Predators Dear Clients, Colleagues, and Friends, Uniform Gifts to Minor Accounts are very popular for parents and other relatives to establish financial accounts for minor children as a means of making a “controllable” gift to a minor. This is accomplished by establishing a custodial account at a financial institution for the benefit of the minor child which is usually managed by […]

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The Charitable Remainder Trust

The Charitable Remainder Trust

Dear Clients, Colleagues, and Friends, In 1995, Bill and Sandy met with me to discuss what to do with a real estate investment that had appreciated significantly. The investment represented a meaningful portion of their net worth and they felt the time was right to sell it, but they didn’t need a large infusion of cash, and didn’t want to pay the tax (in 1995, the capital gain rate was […]

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Keeping "the wolves" at bay

The Wolf at the Door

Dear Clients, Colleagues, and Friends, As we approach the “next normal” and begin to plan re-entry into a more traditional work and lifestyle with more social interaction, there are many aspects of business and personal lives that need to be planned and reconsidered. It’s difficult – if not impossible – to determine the long-term effects of the coronavirus lockdown on our economy, and we’re all feeling a loss of control […]

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Preferred Partnership Freeze (PPF)

Got Lemons?

Make a Lemonade Stand with a Twist Dear Clients, Colleagues, and Friends,   The economic conditions accompanying the COVID-19 pandemic have created many avenues of change. Out of the decreasing valuation of closely held businesses, investment portfolios and real estate, comes an opportunity that only exists once in a generation. To that end, we introduce you to the Preferred Partnership Freeze (PPF). The assets you expect to appreciate in the long […]

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Support Our Local Restaurants Need Your Help

Our Local Restaurants Need Our Help!

Support Local Restaurants Dear Clients, Colleagues, and Friends,   If you are like me, there are so many great restaurants to choose from in our area we take their existence for granted.  Well we shouldn’t and this Client Alert is asking you to do your part to help out. During the COVID-19 virus crisis we are home bound and still need to eat.  Many of the restaurants have closed or scaled […]

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Preferred Partnership Freeze

Making Lemonade out of Lemons

Dear Clients, Colleagues, and Friends, During the past few weeks, concerns over the coronavirus has spread into our consciousness, our communities, our families, and our clients. I want you to know that I am here for you to help in any way I can. Your health, well-being, and peace of mind are what matter most to me. While today’s environment is something none of us has ever lived through, my […]

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Protecting Your Family During These Challenging Times

One Step Ahead of the Curve

Protecting Your Family During These Challenging Times Dear Clients, Colleagues, and Friends, The Jeffrey M. Verdon Law Group is taking the COVID-19 pandemic quite seriously. To that end we will be available to respond to any and all of your concerns regarding your estate planning and risk mitigation needs. Some of our clients have been calling with questions about how to best protect their estates and assets while preparing for […]

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CA Consumer Privacy Act affects

CCPA: Are you Affected by this new Consumer Privacy Act?

Dear Clients, Colleagues, and Friends, On January 1, 2020, the California Consumer Privacy Act (‘CCPA’) came into force. The CCPA will have a significant impact on businesses with even a light Californian footprint, and not just in terms of their compliance and regulatory burdens: there could be serious consequences for individual business owners and officers whose companies breach the CCPA. Those who may be affected should assess their current asset […]

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