Client Alerts

Client Alert

Should I buy liability insurance as a part of my estate plan?

Imagine you’ve spent your entire life and career saving up for your future and your family’s future. Because of your hard work, sound investment choices and dedication to saving, you’ve amassed a considerable amount of wealth that you hope to pass on to your family through your estate plan one day. It’s important to realize, however, that all of your hard work and sacrifice could be wiped away in a […]

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Client Alert

What should your exit strategy be?

Part of being successful in business is knowing when to get out of the business. As such, having a solid exit strategy should be as much a priority for business owners as next year’s business plan. An exit strategy should include plans for how to minimize taxes when you actually sell the business. However, your tax minimization strategy may be different depending on who you sell the business to. Essentially, […]

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Orange County Business Journal

The Gender Gap in Retirement Planning

Despite all of the advances women have made in recent years when it comes to saving for retirement, women still lag behind men. Financial planners report that women often have a lower risk tolerance than men so they earn less on their investments. Women have a longer life expectancy and need more income to last through retirement. And generally speaking, women shoulder a disproportionate amount of responsibility caring for significant […]

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Client Alert

The many probate challenges of high value estates

Probate serves one primary purpose: to clearly define ownership of assets after a death. Within this purpose, the ideal is to provide an efficient and undisputed transfer of ownership. It is never as simple as handling a title or deed from one party to another. In truth, complex property requires complex transfers and a thorough review of pertinent laws. The legacy of James Brown is a clear example. Brown passed […]

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Client Alert

Common lawsuits that might threaten your business assets

Let’s face it, lawsuits have become incredibly common. New lawsuits pop up every day. Some are justified, and some are frivolous. But even the most frivolous lawsuit can cause businesses major time, effort and money–not to mention being a major headache. Even the savviest businesspeople face losing their assets to a lawsuit. In our increasingly litigious society, a lawsuit for the smallest issue could be just around the corner. These are some […]

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Client Alert

Could my husband walk away with half of my inheritance?

You and your husband tried to make your marriage work for as long as you could. But after several painful years, you are ready to divorce. There are several questions running through your mind about your children, your home and your finances. One of the most important financial questions that you will have to consider is what will happen to your inheritance. Many women in Silicon Valley who have received […]

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Client Alert

To avoid business probate problems, minimize unknowns

What is the most vulnerable time for a new and growing business? The answer varies depending on whom you ask. One school of thought, however, brackets the six months before and after the death of the business owner as the riskiest period. Considering that a business is often an owner’s most significant asset, continued smooth operation during this high-risk time deserves prioritizing – especially as the probate process is undertaken. […]

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Client Alert

Tax Cuts and Jobs Act Update

In our recent Client Alert, we provided a summary of salient parts of the Tax Cuts and Jobs Act of 2017. Under the section Pass-Through Businesses, we wrote: “Pass-through income exceeding the $315,000/$157,000 thresholds receives no 20% deduction.” We misstated the phase out provisions. Here is what we should have stated: · If taxable income is less than $157,500 (single filer)/$315,000 (married filing jointly.) the 20% deduction is fully available. […]

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yacht

Why Yacht Charter in Greece?

Dear Clients, Colleagues, and Friends, As most of you know, I have traveled the world on cruise ships giving lectures to passengers on estate planning and asset protection dating back to 1990. There are two pieces of advice I always give my audiences: (1) Fly First Class or your kids will; and (2) Spend your kids’ inheritance: Many of you have taken this advice to heart! One of our most […]

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Client Alert

Tax Cuts and Jobs Act

What does the largest overhaul of the tax code in a generation mean to you, and how does it affect your planning? While this is a highly complex and voluminous law, read on for highlights and suggestions for planning wisely. Please contact our office to update your plan so that you gain maximum benefit from the new tax law and limit avoidable costs. Change to the Income Tax Brackets Under […]

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