In recent years, clients have approached us with questions about how to prepare their estate plan and benefit from tax-saving tools. One of these tools is known as a Charitable Remainder Trust (CRT). A CRT is an irrevocable trust that generates an
Read More
It is that time of the year again. Congratulations to our graduating class of 2021! Completing high school this past year has been no easy task, but you made it! Congratulations on your accomplishments and all your hard work! High school seniors
Read More
Many of us know Larry King as the charismatic and enticing American television host. On January 23, 2021, Larry King passed away leaving a large estate and as recent reports reveal, a handwritten or Holographic Will leaving his entire estate to his
Read More
Our attorney Angel Riley recently did a webinar titled “Proposition 19: How does this new law impact you and what can you do?” Please see the recording below and share it with your family and friends if you think this law would
Read More
As many of you know, Proposition 19 passed and will go into effect on February 16, 2021. This newly enacted law creates major changes in California’s property tax laws surrounding parent-child transfers. Specifically, Proposition 19 has (1) eliminated the lifetime $1 million
Read More
California’s unofficial election results suggest that Proposition 19 passed and will go into effect on February 16, 2021. With this passage, California will face vast changes in our laws surrounding parent-child transfers which will have a significant negative financial impact. Specifically, Proposition
Read More
Many of you know Chadwick Boseman as the actor who utilized his talent and creativity to bring iconic African American individuals to the big screen. This included his portrayal of Jackie Robinson, Thurgood Marshall, James Brown, and of course the fictional marvel
Read More
Generally, real property is reassessed when transferred. However, California presently excludes certain transfers from reassessment. The transfer of a primary residence between parents and children is completely excluded from reassessment of property taxes, regardless of the value of the said residence and
Read More
As an estate planning and trust administration attorney, I often encounter clients with more than one child or clients with blended families. In those situations, a common discussion we engage in is how to equally distribute the trust assets. In the Bay
Read More
In the wake of COVID-19, mortgage rates have fallen to a new all-time low providing many with the opportunity to purchase a home or refinance existing real properties. If you recently bought a home, it is now time for you to consider
Read More