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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 […]

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

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

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

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,

Authored by Sara Mostafa The following article regards certain significant new California employment laws that will take effect January 1, 2022. We advise you to review the contours of these laws carefully and alter your policies accordingly. We are available to assist you with updating your policies and employee handbooks and in connection with any

Authored by Mark Lobb and Sean C. TannenbaumAs we close out 2021, there is still uncertainty as to the law changes brewing in our nation’s capital. Although the Build Back Better Act (the “Act”) is still being debated, the issues on the table relate to the amount of spending and not the meat of the

Authored by Mark LobbNevada remains one of the top states California residents are moving to as the result of various reasons. In 2019 and 2020, the combined total number of California residents who surrendered their drivers licenses to the State of Nevada was just over 70,000. In 2020, Californians represented 43% of those from out-of-state

 Authored by Chandra Winter California employers often feel they are navigating a mine field when it comes to maintaining wage and hour compliance in the ever-changing landscape of California law. One of the latest changes to that landscape, AB 1003 was signed into law by Governor Newsom on September 27, 2021 and will go into effect