Archive | Planning

RSS feed for this section

Deciding Between a Trust and a LLC for Business Owners

30 Nov

When starting a business, two of the biggest considerations are often the tax consequences and limiting the liability of the owners.  While an explanation of the tax pros and cons of selecting a specific entity can be complex, explaining how to limit one’s liability is fairly straightforward. The most common way to achieve this limitation of liability is to […]

Estate Planning and the NBA

31 May
sterling nba

Even for those who don’t follow the NBA, many have heard the news about Donald Sterling over the past couple months.  This week, it was reported that Steve Ballmer would purchase the Los Angeles Clippers for $2 billion.  Part of what made that sale possible was product of estate planning. Donald and his wife Shelly had […]

Estate Planning for Digital Assets

27 Nov
Estate Planning for Digital Assets

In the past year I’ve gotten more and more questions about what happens to someone’s online accounts when they pass away. This is certainly a great question that often goes unconsidered, even for people that have more formal estate planning in place. With the amount of information available in these accounts, both private and public, […]

The Estate Planning Toolbox: Portability Election

15 Aug

With the passage of the American Taxpayer Relief Act of 2012, the portability election for the estate and gift tax exclusion became permanent.  While portability was available in 2011 and 2012, it was not until 2013 that it became a permanent fixture and changed the estate planning landscape for married couples.  The portability election can […]

The Importance of Using an Attorney in Estate Planning

05 Jun

Today the San Diego Union Tribune had an article titled “Communication about End-of-Life Wishes Does Not Frequently Occur.” (see link below)  It was an interesting read for a couple reasons.  First, it shined light on the fact that so many people are not setting up adequate estate planning.  The article cites that 70% of people […]

The Basics of Estate Planning

17 May

It is common for people to approach me and say they need to setup an “estate plan,” but when I dive a little deeper and ask what they are looking for many people don’t know where to begin.  While every person’s situation is different, the most frequent estate plan I draft for people centers around […]