Category Archives: California Estate Tax Lawyer

If you have a large estate, you will want to consider what strategies are available to minimize your exposure to the federal estate tax. There are many “tools in the toolbox” and once we do an analysis of your assets and values, hopes and dreams, will we then be able to craft an advanced estate plan that is right for your family.

Orange County Estate Tax Attorney: The Future of the Federal Estate Tax

The IRS just announced the 2016 federal estate tax rate limits, which are $5.45 million for individuals and $10.9 million for married couples. This means that wealthy Americans will be able to leave up to $10.9 million to their heirs without being subject to federal estate tax rates, which top out at 40%. In addition, […]

Making a Charitable Organization the Beneficiary of Your Life Insurance Policy | Estate Planning Lawyers in Orange County

Clients come to their estate planning lawyers in Orange County with a desire to make a difference to the next generation.  Obviously, there is a need to plan for children and grandchildren, but many Orange County residents are also looking for ways to benefit their favorite organizations.  Charitable giving provides an opportunity to do something […]

Be Your Clients’ Hero: Decision Time for Income Tax Reduction as Trust Taxes Soar

Income Tax Options Run Out December 31 for Non-Grantor Trusts. Most clients and advisors have not yet caught up to the impact of soaring income tax rates on non-grantor trusts and on estates in administration. Trustees and estate administrators must be informed immediately to implement strategies to mitigate the 2013 tax rate, eliminate the tax through distribution […]

What to Expect from Estate Planning in Orange County, CA Part III

This is the third in a series of articles on what to expect when you work with your Orange County estate planning lawyer.  Each article will cover several of the topics that you will need to consider to make a plan that works for your needs. In the previous to editions of this series, we […]

Income Tax Planning with Alaska Community Property Trusts

The Internal Revenue Code (“IRC”) provides substantial income and estate tax benefits to the married residents of the nine “community property” states. A tenth state – Alaska – allows married couples to opt in to the community property regime and reap these benefits. In addition, Alaska offers the married residents of the other 40 states […]

Using Trusts to Protect Inherited IRAs

Many clients have large IRAs and retirement plan accounts and need special estate planning for these assets. A 2009 study by the Investment Company Institute found that retirement plans account for 34% of all household financial assets, up from 14% in 1978; IRAs alone account for more than 10% of all household financial assets; and […]

Orange County Estate Planning and Unintended Consequences When Transferring Property

There’s little doubt that working with an estate planning attorney is a great approach to protecting your assets and your beneficiaries from excessive taxation. Residents of Orange County rely on these professionals to help them discover what strategies they can use to legally avoid paying more taxes than are necessary.

What the New Tax Law Means to You and Your Clients

On January 2, 2013, the President signed into law the American Taxpayer Relief Act of 2012 (the 2012 Tax Act) to deal with the so-called “fiscal cliff.” The 2012 Tax Act included revisions to estate, gift and generation-skipping transfer (“GST”) tax laws and income tax laws that will affect estate planning for the foreseeable future. […]

Documents To Gather Now For Tax-Time

“Most people give up just when they’re about to achieve success.” – Ross Perot Judging by what we have been hearing from new and current clients, Mr. Perot up there in my quote selection (with all due respect for his obvious business acumen) probably never prepared his own taxes. And I recommend you do not […]