The property tax regime in California is complicated. For many years, the state has limited the amount by which real property taxes can be raised while the property is held. In a sale between strangers, the value of the property will be reassessed, and the tax rate...
Trust Administration
Choosing between revocable and irrevocable trusts
People in the Bay Area try to plan for many different aspects of life. For many unpredictable types of events people will obtain insurance such as car insurance for car accidents or homeowners’ insurance for potential damage to their homes. Similarly to how people...
Trust administration: how professional input can help
California estate planners customarily strive to ensure that their planning goals are promoted concerning future generations. One way that legions of planners do that optimally well is through trust creation. As estate planning commentators routinely note, trusts are...
Three things to remember when you appoint a trustee
When you write up your estate plan, you might want to create a trust. The shrewd use of trusts comes with some healthy benefits, such as certain tax advantages and the ability to bypass probate. But it also means appointing a good trustee. Whoever you name as trustee...
The SECURE Act: How Does It Affect Your Retirement Accounts?
The SECURE Act: How Does It Affect Your Retirement Accounts? On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which became effective on January 1, 2020. The Act is the most impactful legislation...