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Authored by Mark Lobb The first quarter of the year is over, which means tax deadlines have passed and more are on the horizon.  Individual returns are due April 15, partnerships and S corporation extenders are due September 16, and individuals, sole proprietorships, and C corporation extenders are due on October 15. This issue of […]

Authored by Kristin Gifford Stepping into the role of a successor trustee after the grantor’s death entails immediate concerns and the crucial task of organizing the estate.  From legal obligations to financial matters, this introduction outlines the essential procedures and considerations for the successor trustee in navigating the complexities of post-mortem responsibilities while upholding the

Authored by Mark Lobb As with each year, the first quarter requires business owners to focus on the laws passed in the previous year which affect their business and personal concerns and focus on signaling from legislative proposals.  This edition focuses on legislative proposals from the federal government and the state of California along with

Authored by Kristin Gifford To administer the Trust upon the death of a Grantor, the following are duties required of the Successor Trustee: File the Deceased Grantor’s Original Last Will and Testament with the Clark Country Clerk’s office within 30 days of the date of death. Prepare and record an Affidavit of Successor Trustee and

Authored by Mark Lobb We hope you had a great end to 2023.  There are a host of new laws and to be mindful of as we move into 2024 with some dangerous landmines to avoid. In this edition, we provide you with an overview of new laws and reporting requirements and the potential impact

Authored by Sara Mostafa The following intends to summarize the requirements for compliance with the new beneficial ownership reporting requirement of the federal Corporate Transparency Act. Feel free to reach out to Lobb & Plewe, LLP with any questions. In 2021, Congress passed the Corporate Transparency Act, which creates a new beneficial ownership information reporting

Authored by Mark Lobb Welcome to the October version of The Lobb Report.  This edition covers tax deadlines, business owner taxation, estate planning and employment law issues.    In this edition, you can expect a comprehensive overview of an upcoming Supreme Court case along with recent legislative changes and their potential impact on your business operations,

Authored by Haley Price Life insurance can play a critical role in protecting the financial well-being of loved ones in the event of an individual’s passing. One strategic approach to maximize the benefits of life insurance is to hold the policy in a trust. Whether or not you should put your life insurance in a

Authored by Mark Lobb Welcome to the September version of The Lobb Report.  The California legislative session ended on September 14.  There have been major changes in employment laws but no major new tax laws.  There are three separate ballot initiatives which are significant when it comes to tax increases which I will discuss in

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