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When most people think of estate planning, they picture the transfer of wealth and assets. Parents often leave money and property to their children and grandchildren, for instance. In such cases, being the executor of a loved one's estate may be a welcome and...

The tax troubles of celebrities are often fodder for gossip columns. Are these stories relevant to most Americans? Often, the answer is no. But in a few cases, there are lessons to be learned from how certain celebrities settled debts with the Internal Revenue...

If you own a business then you have two types of estate planning to think about: personal and business. Ultimately, business estate planning answers the question, “What will happen to your business when you are gone, and how will that take place?”Chances...

In our last post, we began a discussion about the potential problems associated with do-it-yourself estate planning. It may be tempting to save money by filling out free online forms instead of working with an attorney, but as the old saying goes, you usually get what...

There are times in life when doing something yourself can save considerable amounts of money. There are other times in which it is necessary and/or smart to seek the help of a professional. Choosing which of these routes to take is often fairly intuitive, but not...

For many people in California, as well as across the nation, purchasing a new car every time their old one breaks down simply isn't something their budgets will allow. It's because of this fact that many people choose instead to purchase used cars that oftentimes come...

When you picture an IRS audit, you probably imagine a giant government agency going after the "little guy:" An average American who just wants to live and work in peace. Sadly, many everyday Americans do get audited by the IRS, especially those trying to run a small...

Earlier this week, we began a discussion about your rights when dealing with the Internal Revenue Service. Many Americans think of the IRS as a bully who can shake you down for money, but this isn't the case.The IRS even posts a Taxpayer Bill of Rights on its website....

The Internal Revenue Service is perhaps the most maligned of all government agencies. While some of this comes with the territory (people don't like paying taxes), the IRS has also earned much of its bad reputation. Many people view the agency as bureaucratic,...

Before we get into the benefits of hiring an attorney who is also a CPA, let’s discuss the main difference between the two. While an attorney specializes in the laws surrounding business transactions, taxes and estate planning, CPAs specialize in the financial...