Asian boy smiling and enjoying tasty beverage while sitting between father and grandfather in park

20/20 in 2020? Tax Savings through Lifetime Gifting

September 8, 2020

Don’t Look Back and Wish You’d Seen the Opportunity to Save Taxes for Subsequent Generations through Lifetime Gifting   Heading into a volatile election season, the risk of higher income and estate taxes in 2021 and beyond is a very real concern for our affluent clients. Today’s federal income and estate taxes are historically low (even if it might not feel

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Group of human palms on all sides of a cut out house diagram with setting sun coming through window over water

LLCs – great for asset protection during life; but beware of pitfalls at your passing

January 13, 2020

Pretty much all California real estate owners are aware of Proposition 13, the benefit granted to existing real estate owners, restricting property tax increases to a maximum of 2% per year.  Many real estate owners are also aware of Proposition 58, which provides a “parent-child exclusion” from the normal rule that eliminates Proposition 13 protection from any change in ownership.  Proposition

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