by Kathleen Pender, San Francisco Chronicle August 25, 2018 Link to Original Article People who own just one or two rental properties might not qualify for the new 20 percent federal deduction that big-time real estate investors and other pass-through entities will get starting this year. The federal tax law passed in December lets many…
Continue reading…CA Property Tax Breaks: Parent-to-Child Exclusion
PLEASE NOTE- THIS INFORMATION IS AGED- PLEASE REFERENCE UPDATES TO THE LAW NECESSITATED BY CA PROP 19, WHICH BECAME EFFECTIVE ON FEBRUARY 16, 2021, AND SEVERELY LIMITS THE PARENT / CHILD EXCLUSION. California property owners: your wish to transfer your real property interests to a loved one may be eligible for an exclusion! California real property,…
Continue reading…Think your company qualifies for a small business tax break? It’s complicated…
by Marcy Gordon, Associated Press August 10, 2018, USA Today WASHINGTON — Architects and engineers are still in. Accountants, doctors and lawyers remain out — mostly. New rules floated by the Trump administration lay out what kinds of businesses can take a 20 percent deduction against income taxes under the new tax law. With the proposed…
Continue reading…Back-to-School Checklist: A Reminder to Reassess your Financial Planning (Part 2)
For many families, this week marks the beginning of a new school year. This week, we continue with the academic theme, and give you Part 2 of the Back-to-School Checklist. In this final segment, we are discussing the importance of updating your trust documents and planning for the holidays. Update Your Trust Documents Established revocable…
Continue reading…Back-to-School Checklist: A Reminder to Reassess your Financial Planning (Part 1)
The ever-present rush of a new school year is upon us. For many families, this is the last week of summer. This is a great time to assess your current financial situation, long-term, and short-term goals. This week, we are discussing topics that are likely addressed at some point but may not be considered until…
Continue reading…Three Critical Legal Documents Every Parent of a College Student Should Get in Place As Soon As Possible
The National Law Review By Ben Leonard, Esq. As a soon-to-be college freshman many years ago, I was preoccupied with selecting roommates, finding bacteria-resistant shower shoes, and dreaming about the incredible freedom my 18-year-old adult self would have. Of course, it never occurred to me that it would have been prudent to have certain legal…
Continue reading…The Tough Stuff: Talking with Your Loved One About End-of-Life Arrangements
Guest Blog by Beverly Nelson, StandUpForCaregivers.org Create an Estate Plan Your loved one might already have an estate plan in place, but if it’s been some time since it was revisited or revised, encourage them to take a look to see if anything needs to be added or changed. Their will should designate who…
Continue reading…Celebrity Estate Planning Mistakes
Just like regular people, celebrities also fail to adequately plan for their estate. Estate planning is a vital tool that provides guidance in the event of a death. It is a common belief that because celebrities have much more wealth than the average person, protecting that wealth would be of the utmost importance. However, there…
Continue reading…I Do…But First Sign Here: Prenuptial Agreements, Postnuptial Agreements, Cohabitation agreements
Deciding whether to sign an agreement as it pertains to your relationship can be difficult. Generally, this is not a one-size fits all type of decision, and the necessity is different for every couple. Pre, Post and Cohabitation agreements are very useful for business owners, blended families, individuals with complex financial arrangements, etc. Regardless of…
Continue reading…Avoiding Entrepreneurial Burnout
Entrepreneurs typically embody ambition, drive, and passion. However, entrepreneurs often burn out quickly. Why does this happen? In short, they give too much of themselves to their venture; if it fails or if they face road-blocks, it may be difficult (mentally and/or financially) for them to keep going. Maintaining high levels of enthusiasm is hard…
Continue reading…