Clients, Friends and Colleagues, The purpose of this note is to alert our clients, friends and colleagues to new requirements for most closely held business entities (such as an LLC, limited partnership or corporation) to report the personal information of their beneficial owners to the US Treasury Department. If you do not directly or indirectly [...]

Although we are in the midst of an unprecedented historical event because of the COVID-19 pandemic, current circumstances offer a window of opportunity for wealth transfer planning for the right individuals. The combination of low interest rates and lower and more volatile asset values contribute to a favorable environment for the transfer of wealth for [...]

The Passage of California Proposition 19 The passage of Proposition 19 ("Prop 19") on November 3, 2020 constitutes one of the biggest changes to property tax rules in California in recent memory. Except for one limited exclusion, Prop 19 completely eliminates the current ability to avoid a reassessment of certain real estate transferred between parents [...]