Thank you to those who were able to tattend the 2018 tax reform conference call that took place last week, Jan. 10 at 1 pm, featuring Russell Stanaland and Abraham Martinez from Brio Financial Group. Interest in the talk was much greater than we anticipated. Who knew that our clients would be just as excited … Continue reading Tax Reform Conference Call Follow-Up and Recording
Plan Your Estate to: 1. Provide Stability For Your Family It is common for one spouse to end up managing most of the family’s financial affairs. In the event that spouse is the first to die, the surviving spouse can be left unaware of how to carry on the family’s financial affairs. This can lead … Continue reading Top 10 Reasons to Plan Your Estate
Brenda G. Wong interviewed Russell Stanaland for her weekly Q&A Tax Talk on the tax implications of building a guest house. Please find her article, published in Mansion Global, by clicking here.
Brenda G. Wong interviewed Russell Stanaland for a Q&A on the tax implications of purchasing property under a child’s name. Please find her article, published in Mansion Global, clicking here.
Russell Stanaland talks about California Trusts (video).
The Gizmodo Field Guide has a great summary post addressing your options available to give control to your digital life at death. There are many interesting idea here to consider. Some, such as the Facebook option that I tweeted about previously, are quick and easy, so go ahead and take care of that one! How … Continue reading How to Leave All Your Accounts to Someone Else When You Die
It is getting harder and harder for buyers to maintain privacy concerning the purchase price for real property in California. As of January 1, 2015, the time for privacy for new buyers will come to an end. The change will not impact most of the transfers necessary for your fundamental estate planning. Funding your revocable … Continue reading California Transfer Tax – Your Purchase Price Will Be Public
Basic Court Fees Let’s get the boring things out of the way first. For the most straight forward probate, there largest filing fees are incurred at the beginning and end of the process. The 2015 fee charged to file a probate petition is $450. There will be a $435 filing fee to file the petition … Continue reading California Probate: How Much Does It Cost?
We have encountered a few situations where clients believe to have missed their opportunity to take advantage of the surviving spouse’s “portability” election to transfer a deceased spouse’s unused estate tax exclusion to the surviving spouse. The IRS is simplifying the process to remedy the situation. Note that this development can be especially advantageous to … Continue reading Extended Time to Make Estate Tax Portability Election
California Probate: What’s the Purpose? Probate. You’ve heard the word, but what is it? Here is a brief overview to let you know what triggers the probate process and what is involved to complete the journey. In general, probate is the court supervised collection of assets, payment of debts and expenses with the net amount being … Continue reading California Probate: What's the Purpose?