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Tax Considerations for Global Companies Expanding into the US

December 14, 2024 News

Key Points: Expanding into the U.S. market presents global companies with a complex tax landscape. Key considerations include: Navigating these tax considerations effectively necessitates comprehensive planning and consultation with tax professionals to ensure compliance and optimize tax positions. Main Article: For international companies, expanding into the US, the world’s largest economy, is a logical target…

A sign directing a person to go to America.

Is a Grantor Retained Annuity Trust Worth It?

November 28, 2024 Estate Planning Estate Taxes

For high-net-worth individuals, effectively planning to minimize estate taxation canrequire creative solutions. Gifts to beneficiaries that exceed the annual gift tax or lifetimegift and estate tax exclusions can be subject to potentially steep taxes. In 2024, theannual gift limit is $18,000 per person per year, and the lifetime gift and estate taxexclusion is $13.61 million—but…

GRAT Trust

Charitable Remainder Annuity Trusts (CRATs)

November 27, 2024 Charitable Giving Estate Planning News

What is a Charitable Remainder Annuity Trust (CRAT)? A CRAT is a type of Charitable Remainder Trust (CRT), and is specifically designed to provide a steady income to one or more non-charitable beneficiaries (such as the donor or their family) for a specified term or the lifetime of the beneficiaries. At the end of the…

Exploring the Three Types of Charitable Remainder Trusts (CRTs): SCRUTs, NIMCRUTs, and FLIPCRUTs

November 27, 2024 Charitable Giving Estate Planning News

Key Differences among CRTs Charitable Remainder Trusts (CRTs) are powerful tools for charitable giving, philanthropy and financial planning, offering individuals a way to secure income, avoid capital gains taxes, and make impactful charitable contributions.  Within the CRT framework, there are three primary types to consider: Standard Charitable Remainder Unitrusts (SCRUTs), Net Income with Makeup Provision…

Income Tax Limits on Charitable Deductions

November 18, 2024 News

Understanding Income Tax Limits on Charitable Deductions Income Tax Limits Table Recipient Organization Type of Gift Deduction Limit Valuation Public Charities, Donor-Advised Funds, Private Operating Foundations (50% Orgs) Cash 60% of AG (scheduled to sunset to 50% beg. 2026) Cash Value   Long-Term Cap Gain (e.g., stocks, real estate), Choice of: 30% of AGI Fair…

Operating vs Non-Operating Foundations

November 18, 2024 News

Private Operating Foundations vs. Non-Operating Foundations: Key Differences for Philanthropic Success In the world of charitable giving strategies, private foundations offer individuals and families a unique opportunity to create a lasting legacy while supporting charitable causes they care about. Read here on private foundations, generally. In this article, I discuss the major differences between a…

Rules Regarding Public Charities

November 18, 2024 News

One of the main distinctions the IRS has established that distinguishes public charities from private foundations, is the broad base of support from the public that is required to establish a public charity. To qualify as a public charity under Section 501(c)(3) of the Internal Revenue Code, an organization must meet specific requirements regarding the…

Understanding California Private Retirement Plans

November 12, 2024 News

When someone has, through hard work and good fortune, built up substantial assets, the threat of losing a substantial chunk of it to creditors or as the result of a lawsuit looms large. While California is often regarded as being unfriendly to those seeking to preserve their wealth due to higher taxes, tough regulations, and…

Asset Protection: Safeguarding Your Investments Against the Threat of Lawsuits

October 1, 2024 News

Diversification of investments is typically thought of as the best strategy to grow wealth and protect an individual’s holdings from the vagaries of the economy. Real estate in particular has become an attractive option for high-net-worth individuals looking for investment options beyond having a stock portfolio. While from an investment standpoint this has significant benefits,…

International Estate Planning

August 13, 2024 News

In an interconnected world where professional and personal opportunities more and more often result in people having family, property, and interests all over the globe, the question of how to protect the assets they’ve built becomes much more complex. Living an international lifestyle means that estate planning may not be governed solely by the laws…

Are You Selling Your Business?

July 19, 2024 Business Law Mergers & Acquisitions

Whether you’re nearing retirement, ready to cash out, or seeking to exit a challenging situation, the process requires meticulous planning and execution. Selling a business is a multifaceted journey involving numerous steps to ensure a smooth transition and the best possible outcome. At Bridge Law LLP, we provide more than legal counsel; we connect you…

Mergers and Acquisitions M&A sign

California Probate Calculation Guide

July 13, 2024 Estate Planning Probate

We prepared this guide so you can be prepared with the estimated costs to go through California Probate. Please reach out to us if you are facing the following situations: Net Worth Filing Fees Executor Fees Calculation Executor Fees Total Attorney Fees Calculation Attorney Fees Total Total Probate Fees $1 million $435 4% of the…

What Will Probate Cost Your Family?

June 23, 2024 Estate Planning Probate

Estate planning can be an uncomfortable subject for some to contemplate. After all, even if the idea of passing your property and assets on to your loved ones after you’re gone gives you a sense of satisfaction, nobody wants to think too long or hard about their own death. But few people understand the complications…

Last will and testament of

Advanced Tax Considerations for M&A Transactions

January 23, 2024 Business Law Mergers & Acquisitions

Mergers and acquisitions (M&A) can be an effective strategy for companies to grow, acquire new technologies, capture market share, or seize opportunities. However, the structure of a proposed deal can have significant tax consequences at the federal and perhaps state level that must be considered to maximize value and cash flow from the transaction. Seller…

Mergers and Acquisitions Attorney Simon Khinda

Cryptocurrency and Estate Planning

January 18, 2024 Asset Protection Estate Planning Probate

As a relatively new asset class, cryptocurrency is only beginning to be a consideration in estate planning. For its fans, the decentralized nature of cryptocurrency is one of its benefits—no need to go through a bank or other traditional financial institution to invest. However, that also presents a serious and potentially insurmountable challenge when it…

Trading with cryptocurrency.

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We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.