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Authored by Mark Lobb Pre-ESOP Planning Estate and Asset Planning Considerations There has been a recent increase in the number of business owners opting to use employee stock ownership plans (ESOP or ESOPs) as a succession tool.  The National Center for Employee Ownership (NCEO) estimates that as of 2022 there are roughly 6,500 ESOPs covering […]

Authored by Kristin Gifford Long, expensive, public. These are just a few words that describe probate. While probate is a process many people try to avoid, you may have experience with probate after the passing of family member or friend who did not complete their estate planning. Probate is a court-monitored process to settle the

Authored by Mark Lobb For over a decade, Lobb & Plewe, LLP has been counseling businesses and owners of businesses seeking to transition to Nevada and other low- or no-income tax states. With our home office in California, we have experienced a robust exodus. In 2021, the Tax Foundation’s Tax and Climate Index ranked California

Authored by Mark Lobb Through a series of notices published by the Internal Revenue Service starting on June 1 and ending on June 10, 2022, the IRS lists what it deems to be “potentially abusive arrangements that taxpayers should avoid.” The list of arrangements is identified by the IRS as “The Dirty Dozen” (the “TDD”).

Authored by Mark Lobb On June 15, 2022, the Supreme Court of the United States (“SCOTUS”) ruled in Viking River Cruises, Inc. v. Moriana (“Viking”) that the Federal Arbitration Act, 9 U. S. C. §1 et seq., preempts California law that invalidates contractual waivers of the right to assert representative claims under California’s Labor Code

Authored by Kristin Gifford One advantage of holding assets in trust is that it allows the grantors, or the persons forming the trust, to set forth specific parameters for the use of their assets. When contemplating these distribution parameters, grantors often try to anticipate at what ages their heirs will be responsible to receive the

Authored by Mark Lobb Keeping key employees during turbulent economic times can be a difficult task. Over the past several years the job market has been difficult to navigate for companies. Wages have been driven up due to a number of factors and employees have either made lateral moves or opted to leave the job

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

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

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