With the coronavirus pandemic, many people have asked, “what happens if I die without an estate plan?” Without a properly prepared estate plan, California does your planning for you. ...more
Last Sunday I learned that my mother’s dear friend who is very active, hikes daily, gardens daily, does senior yoga weekly, eats a healthy diet, and has many volunteer and social commitments that keep her happy, went on a...more
1/30/2020
/ Asset Management ,
Beneficiaries ,
Beneficiary Designations ,
Estate Planning ,
Inheritance ,
Minor Children ,
Probate ,
Retirement Plan ,
Spouses ,
Tax Benefits ,
Tax Planning ,
Transfer of Assets
Congress recently passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act, or the “Act”) implementing one of the most substantial pieces of retirement plan legislation in years, into law....more
1/7/2020
/ 401k ,
403(b) Plans ,
Beneficiary Designations ,
Compensation & Benefits ,
Eligibility ,
Employee Benefits ,
Employee Contributions ,
Employee Retirement Income Security Act (ERISA) ,
Estate Planning ,
Individual Retirement Account (IRA) ,
Multiemployer Plan ,
New Legislation ,
Part-Time Employees ,
Regulatory Reform ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Tax Credits ,
Tax Planning ,
Tax Rates
It may be hard to believe that in 2001, the estate and gift tax exemption, also known as the unified credit, was a mere $675K.
In 2016 that credit is anticipated to go up to $5.45M for single filers; potentially $10.9M...more
11/3/2015
/ Consumer Price Index ,
Estate Tax ,
Estate-Tax Exemption ,
Exemptions ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
GST ,
Inflation Adjustments ,
IRS ,
Spouses ,
Tax Code ,
Tax Exemptions ,
Tax Planning ,
Unified Credit Portability
Late last year, Congress approved nearly $11 billion to fund the Internal Revenue Service for fiscal year 2015 – the lowest allotted amount since 2008, according to CNN Money. As a result, the IRS announced delays in...more