Here's an exercise you might reasonably wish to engage in as you're sitting comfortably in your favorite chair and making some notes regarding the ultimate administration of your estate.To wit: Make a list of all the relatives and loved ones who you likely figure will...
Bay Area Estate And Tax Planning Law Firm
Bay Area Estates and Tax Law Blog
About that lakeshore cabin: Should we keep it in the family?
Perhaps your family members have been the proud and happy possessors of a cabin or similar property somewhere off in the wilds of California (or at least beyond echo's reach of all the siblings' urban-based dwellings) for decades.And perhaps you simply love that...
Your digital assets: Do loved ones know what/where those are?
If someone had mentioned an online vault to you years back, you wouldn't have had a clue what they were talking about, right?Now you likely would. Indeed, you might already be using such a computer-linked tool to store copies of various financial documents, such as...
Heard of the so-called “nanny tax”? Might it affect you?
The Internal Revenue Service doesn't care who you use as a nanny or babysitter for your kids, but it does take more than a passing interest in what you're paying them.As in how much. As noted in a recent Accounting Today article, revenue agents don't do much more than...
An evolutionary path: same-sex marriage in the federal tax realm
At one time, of course, same-sex partners were not legally defined as married couples in any state of the country. Given that, many people found questions relating to same-sex couples and linked issues surrounding federal taxation to be both incomprehensible and...
Yet another example of the power and utility of trusts
Imagine that you're a California grandparent who dotes mightily on the grandkids. As clear evidence of your love, you have been steadily funding college saving plans for them, which have reaped gains over the years owing to their qualified status that protects them...
Hooray, you just won the lottery! Now pay the IRS.
If bells and buzzers started clanging seconds after you just pulled the lever on a slot machine, you're likely a bit jazzed about reality at the momentAlthough giddiness is understandable, so too is the need to take a breath, gather yourself and make sure that you...
How private is your tax return?
With this being an active campaigning year the subject of disclosure of tax returns has surfaced. The top runners for each party have sparred over transparency and the release to the public of their own tax returns.Currently Hillary Clinton has agreed to provide her...
The IRS calls it the “sharing economy.” Do you know what that is?
Maybe you advertise online and periodically use your truck as a moving van for residents in your locale who are relocating.Perhaps you live in a city replete with sports teams and use the Internet to help you snag renters during tournaments and other high-profile...
Yes, Prince was meticulous, but not in every important realm
A recent media article focusing upon the legendary and recently deceased pop entertainer Prince refers to the "Prince Syndrome."Given what seems readily known about the artist, many of our readers might reasonably venture a few educated guesses as to what that...
