Authored by Sean C. Tannenbaum It is no secret that California has some of the best weather and the worst taxes in the United States. For some Californians, weather is enough of a reason to stay. For others, taxes are enough of a reason to leave. As a lifetime California resident myself, I’ll gladly pay […]
Business law is a vast, complex, and highly necessary area of law that governs the operations of businesses. It covers a wide spectrum of legal categories, from contract formation to employment law. If you are running a business, it is essential to understand the basics of business law to stay compliant and protect your company.
What Is Included in Business Law? Read More »
Authored by Kristin Gifford How You Title Your Property Does Make a Difference In the excitement of closing on the purchase or refinance of real property, it is easy to overlook and/or procrastinate on ensuring proper titling of such property. Still, proper titling of real property is a critically important step in estate planning and
Do You Know How Your Property is Titled and Why it Matters Read More »
Tax Updates and Planning Ideas for 2022 As we launch into the second quarter of the year, there are many new and proposed laws which impact or may impact businesses and wealthy individuals. Lobb & Plewe will do our best to keep you updated as we move forward. Proposed Federal Tax Law Changes: On March
Tax Bill Updates 2022 Read More »
Analysis by Mark Lobb Asset Protection: Offshore and Domestic Trust Analysis The exotic sounding foreign asset protection trust aka offshore trust continues to be heavily marketed by promoters. Jurisdictions such as Barbados, British Virgin Islands, Cayman Islands and Cook Islands are just a few of the asset protection or tax havens embraced by promoters. I
Domestic vs. Offshore Asset Protection Planning Read More »
The Generation-Skipping Tax (sometimes abbreviated as “GST”) can have a huge impact on the assets you plan on leaving to your heirs if not properly planned for. GST can apply when a grandparent leaves assets to a grandchild – skipping over their parents in the line of inheritance. If you are thinking about passing assets
Generation Skipping Transfer Tax Basics Read More »
Authored by Mark Lobb Advanced estate planning was under attack last year as certain versions of the Build Back Better Act would have substantially curtailed the use of irrevocable grantor trusts. Fortunately, the legislation did not go forward. If you have not implemented advanced estate planning into your wealth structure or if you have not
Irrevocable Grantor Trusts – The World of Defective Trusts Read More »
Authored by Kevin Abbott Missing PayStubs May Cost California Employers a Fortune For almost all of us, when it comes to payday all that matters is the amount. That amount becomes a mortgage payment, food, gas, or a vacation. Most of us hardly pay attention to the stub that comes with the paycheck; indeed, if
CA Labor Code Sect 226 – Overview Read More »
Authored by Mark Lobb and David Kotik Last year at this time our clients were being flooded with news and updates about possible new and draconian tax and estate planning laws being implemented at the federal level. Significant changes may still occur in 2022, but the vitriolic attacks on businesses and wealthy individuals in Washington
Due to changes enacted by the Tax Cuts and Jobs Act of 2017, bonus depreciation was significantly enhanced and can present advantageous planning opportunities for taxpayers who take action before the enhancements expire. Such planning opportunities can even include being able to expense the full value of a corporate jet in the year of purchase,
Bonus Depreciation – Use It or Lose It! Read More »
