We hope that you are all doing well and staying healthy during these difficult times. The purpose of this letter is to bring to your attention the recent significant change to the real property tax laws. Specifically, on November 3, 2020, California voters approved Proposition 19 which will impact property taxes on real estate transferred… Read More »
Posts Categorized: Estate Planning
Don’t Risk it: Protect Your Finances From Coronavirus Complications
Many Americans spend a lot of time and effort managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle—there is another way COVID-19 can wreak havoc on American’s finances:… Read More »
The Impact of Coronavirus on Estate Planning
According to CNBC, Americans are rushing to do online Wills in the face of the corona pandemic. We know that times are scary right now and you are tempted to make a hurried decision. We also know you are thinking something is better than nothing, right? Not necessarily. For many Californians, you will need a… Read More »
Health Care Incapacity Planning During the Coronavirus Pandemic
In this time of great uncertainty, we wanted to remind you of the importance of completing an Advance Health Care Directive (in California) and a HIPAA waiver. Additionally, if you have already created an Advance Health Care Directive (AHCD) and HIPAA waiver, it is critical that those persons whom you have designated as your agents… Read More »
IMPORTANT ALERT!!! Necessary Changes To Your Estate Plan
Legislative Changes Affecting Retirement and Estate Plans Congress recently enacted the SECURE Act (“Setting Every Community Up for Retirement Enhancement Act” of 2019), which significantly changes the manner in which qualified retirement plans (i.e., IRAs, 401(k) plans, and 403(b) plans) are treated and taxed. The SECURE Act may also significantly affect your existing estate plan. … Read More »