Domestic Asset Protection Trusts
Feb 20, 2022
This is a part in a series of articles I have written on various types of irrevocable trusts. What is DAPT? One of the most unique forms of irrevocable trusts…
Maximizing Asset Protection in an LLC
Feb 20, 2022
This is Part 2 in a two-part series about LLCs. In Part 1, I covered “Why People Should Create LLCs?” How should I setup my LLC? Once you know why…
Qualified Small Business Stock (QSBS) – A Primer
Oct 06, 2021
This is Part 1 in a series I have written on the use of QSBS in estate planning. Part 2 focuses on using non-grantor trusts to further leverage QSBS in…
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…
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…
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…
What is an ILIT?
Nov 21, 2020
This is a part in a series of articles I have written on various types of irrevocable trusts. Irrevocable Life Insurance Trusts Why set up an irrevocable life insurance trust (ILIT)?…
How Step-Up in Basis Works
Feb 17, 2018
The concept of step-up in basis is a staple in estate planning. Planning decisions must take this concept into account, as the potential benefits of preserving step-up in basis for…
What is a foreign trust?
Jul 10, 2017
The Tax Implications of a Foreign Trust The issue of foreign trusts comes up in estate planning during a number of different situations. For example, if you name a successor…
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