Nothing seems simple when it comes to planning for your foreign assets. You may ask yourself: “Can a California attorney help me plan for my foreign property? Does my foreign investment or income require reporting to the Internal Revenue Service?” We believe addressing these matters can be simple. Just like your domestic assets are subject […]
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A primary reason you should create a Will, or a Trust, is to formally declare who should inherit your assets upon death. If you die without doing so, then not only may your estate be subject to probate, but California succession laws will direct that your assets be distributed to your closest relatives. If you […]
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With the 2019 new year brings a new federal estate and gift tax exemption of $11,400,000. As you may be aware, recent tax reform legislation impacts not only your federal income tax but also other taxes potentially affecting your estate plan, such as estate, gift, and generation skipping transfer taxes. With the tax reform in […]
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In this day and age, the traditional family unit is no longer tradition. With divorce on the rise, there is solace in second marriages and the opportunity to grow a family. In many cases, the result is a blended family. Blended families are those consisting of a married couple and their children, if any, from […]
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With the 2019 new year brings a new federal estate and gift tax exemption of $11,400,000. As you may be aware, recent tax reform legislation impacts not only your federal income tax but also other taxes potentially affecting your estate plan, such as estate, gift, and generation-skipping transfer taxes. With the tax reform in effect […]
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While preparing an estate plan there are many major topics to address and cover, including the disposition of your tangible personal property. You may be asking just what exactly is tangible personal property? It is property which can be felt or touched and moved. Examples include household goods, furniture, furnishings, personal automobiles, boats, jewelry, artwork, […]
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