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.

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 […]

Don’t Let the Tax Tail Wag the Dog: Client Concerns, Not the Estate Tax, Should Drive Estate Planning

Washington’s negotiations about 2013 tax laws are getting lots of press. As estate planning professionals, we are often asked our opinions about what the 2013 estate tax laws might be and the resulting implications for our clients. But for the vast majority of Americans, what the estate and gift tax laws will be in 2013 […]

Year-End Tax Planning In 2012

Year-end tax planning is always important, but this year it is especially difficult because of uncertainty about what the tax laws will be for 2013. The Bush-era tax cuts are scheduled to expire on December 31 and the President and Congress have once again delayed taking any action. No one knows which, if any, of […]

Income Tax Issues When Planning for the Sale of a Closely Held Business

When a closely held business is a significant part of a client’s estate, as is often the case, business succession planning becomes an important part of the client’s estate planning. Estate planning issues include how to turn the business into cash for the owner’s retirement, who will take over or buy the business from the […]

Planning for Estate Taxes in 2013 and Beyond

What will happen to estate taxes in 2013? Right now, you may as well try to predict what the weather will be on Jan. 1 than count on new laws from a contentious Congress still debating the scenarios.

Prepare Now For Year-End Changes to Estate Tax Laws

The expiration of key laws in Congress may mean your estate is at risk of owing 35-55% in “Death Taxes” after your passing.  Learn how to protect your estate from the IRS and steps to take to “opt-out” of the government’s plan for your money. By: Darlynn Morgan, Orange County Estate Tax Attorney Key legislation […]

State of the Estate Tax Redux

Do you know if your family would have to pay an estate tax on your assets if you died today? If you’re like most people, you’re probably worth more dead than alive. It’s not uncommon for average, middle class families to be worth over $1 million at death by virtue of term or permanent life […]

Using Advanced Irrevocable Trusts for Income and Estate Tax Savings: Making 2012 Count

The next nine months are an exceptional window of opportunity for your clients to make family wealth transfers. The federal gift and estate tax exemption is $5,120,000, and both income tax rates and interest rates are at the lowest point in a generation. With federal deficit spending also at record levels, tax and interest rates […]