Authored by David Kotik During a recent conversation with a client, the question arose as to whether California currently imposes an estate tax. In response, we confirmed that California does not impose an estate tax. It is worth noting that California has previously imposed an estate tax, and there is no certainty that an estate […]
Inquiries About California’s Estate Tax Read More »
Authored by Kristin Gifford At Lobb & Plewe, we take pride in helping high-net-worth individuals with their estate planning needs. Planning for the future is an important part of securing hard-earned resources and ensuring said resources are distributed to beneficiaries according to the estate holder’s wishes. If you are in need of assistance with estate
What Are the Main Steps in Estate Planning? Read More »
Authored by Mark Lobb As we entered 2023, many states cut taxes on individuals and companies with lofty goals of spurring investments, stabilizing growth, and assisting families during an inflationary period. The vice president of taxation and public finance for the Indiana Chamber of Commerce declared the tax cut in Indiana could provide a boost
Authored by Mark Lobb Charles Darwin has many great quotes, but one of my favorites is as follows: “It is not the strongest of the species that survive, not the most intelligent, but the one most responsive to change.” You may have put a great planning structure together at one point which was considered “strong”
Authored by Mark Lobb Along with California: “The Good, The Bad and The Ugly” Last year saw the demise of the Build Back Better act which promised increased taxes and the gutting of traditional estate planning. Significant changes in tax and estate planning are not likely to occur in 2023 at the federal level. States
2023 Updates on Tax, Estate and Gift Planning 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
Is your employee handbook updated? There were substantial changes to employment laws in 2021 with more being implemented in 2022. Are your corporate filings up-to-date and are your records current? Are you aware of new federal reporting requirements for 2022 and prepared to comply with the new rules? Have you considered the California state and
Close of the Year Checklist Read More »
Authored by Mark Lobb Arevised 1,684 pages of the Build Back Better Act (the “Act”) was released onOctober 28, 2021. This revised text was referenced by President Biden as the “Framework.” The prior proposedchanges in the Act which would have substantiallyaltered traditional estate planning withgrantor trusts and other items have beeneliminated. Changes included in the
Current Status of Trust and Estate Planning: Rule Changes Remain Fluid in Washington Read More »
Attorney Aaron Hegji of Lobb & Plewe, LLP, and a director of the Coalition For American Retirement (CFAR) is pleased to announce that legislation prepared by the CFAR is included in the Portman Cardin retirement savings bill (the Retirement Security and Savings Act) introduced by senators Rob Portman, R-Ohio, and Ben Cardin, D-Md. The senators
Portman-Cardin bill includes IRA Preservation Act Read More »
A trustee is bound by the terms of the trust agreement. The performance of his or her duties, including and especially making distributions to beneficiaries, must strictly comply with the trust terms. However, more and more trusts, especially those utilizing advanced estate, tax, and asset protection planning techniques, provide an independent trustee with sole and
Trustees Responsibility when Trustee has Sole and Absolute Discretion Read More »
