Client Alerts

Client Alert

Two Ways To Minimize Estate Taxes In 2018

You have worked hard to build your fortune and minimizing the portion that will go to the IRS is possible during your lifetime with smart estate planning. While there are a number of tax-avoidance strategies in estate planning, here we will discuss two that may be able to save you and your heirs a large sum in the long run. Gift Assets Giving away assets to family members and charitable […]

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Orange County Business Journal

Philanthropy Brings Happiness

Generosity and philanthropy create happiness according to Harvard professor, Michael Norton. In his TedX Talk, “How to Buy Happiness”, Dr. Norton expands on the research which supports the notion that spending money on others makes people happier than spending it on themselves.  But there are a variety of best practices to do so in philanthropy. These days, a Donor Advised Fund (DAF) has become one of the simplest and most […]

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Client Alert

Hiring A Team Of Legal And Tax Professionals For Your Estate Plan

Employing a team of professionals to plan, review and administer an estate plan can be the key to preventing unexpected setbacks in the future. One of the main ways you can avoid experiencing setbacks is by hiring professionals who can assist you with taxes. This is particularly true if you own a business, considerable insurance policies or significant assets. Here are the top three professionals you may want to consider […]

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Client Alert

Preventing family fallouts over inheritance

Even the most amicable sibling relationships can quickly turn sour when parents pass away. This is especially the case when it comes to sizeable estates and family businesses. What are the common reasons for inheritance disputes? How can parents prevent them from tearing their kids apart? Behind the scenes of inheritance drama According to Ameriprise Financial, feuds between adult children regarding their parents’ estates occur for a variety of reasons. Here […]

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Client Alert

Bourdain’s daughter to wait before receiving million-dollar estate

After the beloved and multi-talented celebrity chef and television sensation, Anthony Bourdain passed away, it didn’t take long before questions regarding his financial legacy arose. Unlike more than half of Americans and other well-known celebrities we’ve lost, Bourdain left behind a will. Now, his estate plan is at center stage and has left some wondering if it will create more problems than it is intended to solve. Bourdain’s daughter will […]

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Client Alert

Important conversations for personal representatives

How the probate process goes for a complex estate is impacted by many things. This includes the actions of the personal representative selected for the estate. This person serves many important roles during the probate process. This includes the management of the estate and its distribution. There are many conversations that it can be very important for such individuals to have during the probate process. For one, good communication between the […]

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Client Alert

Business owners need estate plans

If you are a business owner — or if you run a professional practice — it is very important that you do not put off your estate planning. Getting the results you need and protecting both your business and your family’s wealth often takes years of preparation and planning; many experts suggest starting a decade in advance. The reasoning is that your business probably accounts for a significant percentage of your […]

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Client Alert

Are you taking full advantage of this year’s new tax law?

A new tax law affecting the wealth transfer system became effective January 1st of this year. The new law, known as the Tax Cuts and Jobs Act (TCJA), offers a truly unique opportunity to transfer portions of your wealth to your loved ones with fewer tax penalties. Are you taking advantage of the new law? Tax exemption amounts increase This new law increases the annual tax exemption amount of federal estate, […]

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Client Alert

Five ways to avoid probate

If you are worried about the time and expense of having your estate go through probate, there are a few things you can do so that your family will not have to deal with it. Here are five examples of ways you can avoid probate: 1. Start out with a small estate: If you can get it down under the probate exemption limit, you do not have to worry about it. The limit […]

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The S.A.L.T. Deduction Capped at $10k – Maybe Not!

Dear Clients, Colleagues, and Friends, California… A land of golden sandy beaches, ancient towering trees, world-changing innovation, perfect sunny weather… and taxes. Lots and lots of taxes. One thing Californians could always count on, until recently, was that their state and local taxes (S.A.L.T.) could be deducted from their annual federal tax returns, easing what was already a hefty annual tax burden. This included an annual deduction for property taxes. […]

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