Lawmakers recently upended a tax strategy for wealthy Americans who want their loved ones to inherit sizable retirement accounts. Luckily, taxpayers have a workaround at their disposal that could help accomplish their goal. “Your trust won’t work anymore the wayREAD MORE

Congress just agreed to a bipartisan appropriations bill that will help avert another government shutdown. However, attached to the spending bill is a piece of legislation called the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which passed the HouseREAD MORE

The increase in the estate tax exemption amount under the Tax Cuts and Jobs Acts (TCJA) is set to “sunset” or expire on December 31, 2025, and many advisors are encouraging their high net worth clients to make large giftsREAD MORE

Every year Super Lawyers selects attorneys from all firm sizes and over 70 practice areas throughout the United States. While up to five percent of the lawyers in the state are named to Super Lawyers, no more than 2.5 percentREAD MORE

Bryon W. Harmon & Laura A. Fisher recently published an Article entitled, The Prudence of Passivity: An Argument for Default Passive Management in Trust Investing, ACTEC L.J. Vol 44, No. 2, 147-182 (Spring 2019). Provided below is an abstract of theREAD MORE

An appointed or named executor has a seemingly endless list of tasks to perform, but assembling an appropriate team of advisors can help avoid many pitfalls. Here is a tally of ways to avoid the largest of the pitfalls, compiledREAD MORE

Susan Covell Alpert was crushed by grief when her 71-year-old husband, Larry, died of leukemia in 2008. Adding to her misery, a tidal wave of financial decisions and tasks demanded the new widow’s attention at a time when she couldREAD MORE

The Internal Revenue Service has announced the inflation adjustments for the estate and gift tax exclusion, the generation-skipping transfer tax exemption, the gift tax exclusion and other estate planning rates for 2020. The federal estate and gift tax exclusion amountsREAD MORE

Recently, California State Senator Scott Wiener introduced a bill that would impose estate, gift, and generation-skipping transfer tax on any transfers, both during life and at death, after December 31, 2020. California law dictates that if the legislation passes anyREAD MORE

In most cases, it is perfectly fine to have an out-of-state family member or other individual act as the personal representative (executor/administrator). If you have questions regarding your status as a personal representative residing outside California, I encourage you toREAD MORE