Estate And Tax Planning Law Firm
Welcome back. We are currently discussing methods of reducing or avoiding the federal estate tax, which applies to property that is passed to heirs upon death. The most important thing to point out is that estate taxes do not apply to everyone. In fact, 99.8 percent...
Federal estate tax applies when property such as cash, stocks, real estate and other property is transferred from a deceased person to his or heirs. However, estate tax does not apply to everyone. In fact, only about two out of every 1,000 estates in the U.S. are...
In the world of trusts, trustees have duties and beneficiaries have rights.What duties do trustees have? If you have been named as a trustee for a trust, then you have many important duties that must be taken seriously, including:The duty to administer the trust...
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...
Fall is here, which means it’s time to start thinking about year-end tax consequences, including capital gains taxes. Of course, you would never want to buy or sell investments based on tax outcomes alone, but it’s still a good idea to understand the tax...
It’s no secret that the housing market in many parts of California and the rest of the country has favored sellers. That means after sitting tight through the housing market crash, many people who sold their homes this year brought in a nice little profit.But...
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....
