Law Offices of Connie Yi, PC
Tell Us About Your Case
888-312-6978
View Our Practice Areas

Estate Taxes Archives

Are there estate planning tasks that naturally fall at year-end?

Love and marriage, soup and sandwiches, tax planning and estate planning -- some things just naturally go together, and now is a good time to sit down and look all of it over. Just before the holidays may be an especially good time to review an estate plan. Some of us are feeling more generous, more charitable toward our families before we spend Thanksgiving and Christmas with them.

Next up for California courts: IRS gone wild with Jackson estate p2

Michael Jackson's music lives on, and, apparently so do the problems with his estate. The entertainer died more than five years ago, but the IRS is still trying to determine -- and collect -- the tax on the estate. Remember, Jackson died in California, so the only estate tax obligation is to the federal government.

Should the federal government abolish the estate tax?

Here in California and in a majority of states across the country, the state government no longer charges an estate tax to residents. Estate tax, often referred to as the “death tax” by critics, is sometimes considered a redundant tax since the assets in an estate have typically already been taxed as income or have been subject to property tax or capital gains taxes at some point.

Taxes may become an estate planning issue for unmarried couples

Estate planning is not often an item that California readers see in the headlines, except for when an estate planning issue with a celebrity or other public figure makes the news. We can learn a lot from these examples about what sorts of contingencies to plan for and what sorts of unexpected issues may come up.

IRS continues fight over Jackson estate valuation

The conflict between the Internal Revenue Service and the estate of legendary pop singer Michael Jackson continues as the IRS announces huge penalties for the alleged purposeful undervaluing of the estate. We covered this issue in a post last year when it first came to light that there was a valuation issue.

Making sure you understand estate taxes

Estate taxes and tax issues are a big part of planning and creating a will and or a set of trusts and other types of transfers. Taxes are often at the top of someone’s mind when they consider how to pass along assets to the next generation because there is a natural desire to try to preserve as much as possible for children and grandchildren.

New estate and tax decisions for California same-sex couples

As we have discussed in previous blog posts, this summer's Supreme Court ruling that allows same-sex marriages to be recognized by the federal government has had a big impact on couples in California. Since same-sex marriage is legal here, couples who choose to marry are eligible for state and federal benefits, including the many tax benefits afforded to married couples.

Same-sex couple seek answers on estate tax returns

After this summer's landmark Supreme Court decision striking down the Defense of Marriage Act, many same-sex married couples in California celebrated the ability to be recognized as married under federal law. One of the big impacts of this change is in the area of tax law, where same-sex couples can now file joint federal returns, qualify for certain tax breaks, and qualify for the estate tax benefits such as the marital exemption.

The importance of considering taxes in estate planning

Some California residents know firsthand the difficulties that come with estate taxes. Forgetting to plan for taxes is a common mistake people across the country make when putting together an estate plan. However, failing to consider estate taxes, gift taxes and other taxes that may be left to pay after your death can leave your loved ones with a mess on their hands.

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Office Locations

Law Offices of Connie Yi, PC
323 Ray Street
Pleasanton, CA 94566

Phone: 925-484-0888
Pleasanton Law Office Map

San Mateo
1900 S. Norfolk Street
Suite 350
San Mateo, CA 94403

Phone: 415-433-3350
Map & Directions

Cupertino
19925 Stevens Creek Blvd
Suite 100
Cupertino, CA 95014

Toll Free: 888-312-6978
Map & Directions

San Francisco
490 Post Street, Suite 508
San Francisco, CA 94102

Toll Free: 888-312-6978
Phone: 415-433-3350
Map & Directions