For most California estate plans, federal estate tax can be avoided, as can probate. Of increasing concern is how to avoid an increase in California real property tax. For the California residence, it can pass from parent to child (or child to parent) without an increase in property tax. But, without proper planning, property taxes … Continue reading Inheritance: Avoiding an Increase in California Real Property Tax
People are often invested deeply in their charitable causes. Some give their money. Some donate their time. Some share their talent. To them, their charitable causes are an important part of who they are. It is important for such clients to discuss with their attorney whether they want that legacy to continue in their estate plan … Continue reading How to include your charitable causes in your living trust and estate plan
This is a good article in the New York Times: http://www.nytimes.com/2013/05/15/business/retirementspecial/covering-the-rising-cost-of-long-term-care.html?pagewanted=all&_r=0
How to Get a Transcript or Copy of a Prior Year Tax Return (from the IRS) There are many reasons why you should keep a copy of your federal tax return. For example, you may need it to answer an IRS inquiry. You may also need it to apply for a student loan or a … Continue reading IRS Notice on How to Get a Transcript or Copy of a Prior Year Tax Return
Top Ten Tips on Making IRA Contributions The IRS has 10 important tips for you about setting aside money for your retirement in an Individual Retirement Arrangement. 1. You must be under age 70 1/2 at the end of the tax year in order to contribute to a traditional IRA. 2. You must have taxable compensation to … Continue reading IRS’s Top Ten Tips on Making IRA Contributions