This article from the Wall Street Journal (July 9, 2023) addresses grandparents who are considering benefitting their grandchildren through the retirement account component of their estate plan. *subscription link required (may not be required): email Lorie if you want a link to the article and don’t have a subscription to the WSJ* I thought this would be relevant to many of
We are delighted to inform you that we are moving to a new office location as of April 12, 2023. Our new address will be 1306 Park Avenue, Long Beach, CA 90804. Our phone number will be unchanged and continue to be (562) 343-2843. We have been in our current space for over a decade! Our building is being sold to a
I wanted to reach out to you regarding part of the asset alignment of your estate plan. Specifically, I wanted to address any necessary steps you may need (with our help if you’d like) to take to ensure that any business interests you may own are integrated into your estate plan. Partnership Interests Each partnership has its own rules. If you
Just wanted to reach out and touch base before those of you with young adult children welcome some of them home for winter break. This is a reminder that for those Legacy Program Clients who have young adult children 18-25 years old, we are happy to provide simple HIPAA Authorizations and Advanced Health Care Directives (AHCD) as part of the program. A Health Care
The SECURE Act (which took effect in January, 2020) really impacted the rules for beneficiaries of retirement accounts. Many people haven’t caught up to the new rules. Clients who have significant retirement assets need to talk and think through their beneficiary designation choices in the context of the new laws. (continue reading below for notes) Let’s meet and check in for a fresh look at your
Since President Biden’s election, we’ve been peering into our crystal balls to see what changes our higher-net worth clients can expect with respect to taxes on their estates, capital gains and income. Although we still don’t know exactly what changes will take effect and when they will be implemented, all signs strongly point to the window closing within the next few months on
Wishing you a wonderful Summer and reaching out as we get ready for Fall. Some of you may be sending your young adults to college for the first time or returning there. This is a reminder that for those Legacy Program Clients who have young adult children 18-25 years old, we are happy to provide simple HIPAA Authorizations and Advanced Health Care
Every 2-4 years, a change in Congress or our President results in a mini-barrage of newsletters, workshops (well webinars during covid) and other literature detailing the changes. This year is no exception as increased spending associated with the pandemic has increased the likelihood of future tax increases on capital gains and larger estates.
Watch this short video that briefly explains the importance of aligning your assets with your family’s estate planning documents. In 2017, I decided to work with a Nevada attorney who I know and trust to create an additional component to my estate plan. Like many of you who have created an estate plan, I worked with the attorney for a few weeks on
I often joke that my grandparents were the original “millionaires next door.” Neither of them ever made over $40k in a single year – my grandfather was a meter reader for the DWP in Los Angeles and my grandmother was a teacher. They had a number of attributes that led to building wealth in their later years. They did a remarkable