AB150: What you need to know to save on taxes
Sep 03, 2021
On July 16, 2021, Governor Gavin Newsom signed Assembly Bill 150 into law. This bill enables certain California taxpayers to write off more than the $10,000 limit placed on state…
They say we die twice.
Aug 12, 2021
This is a picture of me and my uncle (who I call “Mama”) taken when I first moved to Michigan from India. Mama was the world’s greatest listener, as you…
Tax Changes Coming? What you can do…
Aug 12, 2021
A lot of people have been talking about what President Biden’s tax plan will look like and whether there’s anything we can do now. In April of this year, Biden…
Why file a Form 706?
Apr 01, 2021
IRS Form 706 is commonly known as an “Estate Tax Return.” It is not well-known even by most accountants and is rarely filed. But estate planning lawyers will swear by…
Should I name my trust as the owner or a…
Apr 01, 2021
This is a common question from those who set up living trusts. First off, if you are contemplating NOT doing a trust because you plan on just owning an account…
Do Beneficiary or Joint Accounts Avoid Probate?
Mar 15, 2021
Whether intentionally or not, some people are of the opinion that a trust is not necessary either because they have someone else named on their account or because there is…
What is a probate?
Mar 15, 2021
WHAT IS A PROBATE? You may think that after your loved one passes away, everything they own will simply go to their spouse, children, siblings, or closest family members. Unfortunately,…
Should I Add My Child’s Name to the Home Deed?
Mar 01, 2021
Many answers to questions from attorneys begin with, “It depends,” followed by a long list of rules, which themselves are followed by a longer list of exceptions. This is not…
What is a Bypass Trust?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. Understanding Bypass Trusts Prior to 2012, many married couples created joint trusts known…
What is a QTIP Trust?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. It’s not the QTIP you’re thinking of! To better understand this concept, it’s…
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