ADDITIONAL TIME ALLOTED BY IRS FOR SOME ESTATE TAX RETURN FILINGS
The federal government is giving widows and widowers more time to deal with the intricacies of the estate tax after a spouse dies. When...
2021 BUILD BACK BETTER ACT TAX PROPOSAL AND ITS PROPOSED EFFECT ON ESTATE TAX...
On September 15, 2021, the House Ways and Means Committee released its Build Back Better Act ("BBBA" or "Act") that, if enacted into law,...
The Never-Ending Saga of Gift Tax Returns
Jessica A. Lyons, Esq. and
Fred F. Mashian, Esq.
Gift tax continues to be one of the least understood and frequently overlooked areas of estate and...
2020 Elections, Taxes and What to Do Now in Anticipation
As the 2020 election looms near, estate planning practitioners are holding their collective breath in anticipation of what may be radical tax reform if...
The Perfect Storm In Estate Planning
While the perils of Covid-19 have continued to take a human as well as an economic toll in United States, a perfect storm of...
What to Consider in an Estate Plan so the Beneficiaries do not Inherit a...
We recently had a client die, where his estate plan enabled all four children to share a house and ensured they had the money...
Why is a Charitable Lead Annuity Trust the ideal vehicle for Estate Planning, Income...
Charitable lead annuity trusts (CLAT) have been around since the 1970s. But until recently, these trusts have not been used much by run-of-the-mill millionaires....
Are California Limited Liability Companies still a worthwhile Vehicle for Asset Protection in California?
The general rule in all states, including California, is that the money or property of a Limited Liability Company (LLC) cannot be attached by...
IRS Issues Guidance on New Bonus Depreciation Rules
The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and...
The Cost of Dying Is About To Go Up! Say Hello to California State...
Approximately one third of the states in the U.S. have some form of Estate or Inheritance Tax. California repealed its version of Inheritance Tax...
