The Future of Estate and Gift Tax Laws
By Allyson S. Heller
As we approach a new year and await the transition to a new presidential administration, questions have emerged regarding President-elect Biden’s proposed tax plan with respect to estate and gift tax laws. Although currently few details are known about Biden’s tax proposals, here is a summary of two of the[...]
Prop 19: Major Property Tax Law Change
By Tony J. Tyre, Esq.
Proposition 19 passed in the recent election by receiving approximately 51% of votes and will take effect in California on February 16, 2021. Under current law (pre-Prop 19), there are great benefits for parents who want to transfer property to their children yet avoid property tax reassessment. For example, a[...]
“I don’t want the government to take my money when I die.”
This is something I hear almost weekly in my office. Most clients are surprised to hear that the general answer is “the government will not take your money.” Estates will usually pay little-to-no money to the government through taxes unless there are debts owed to governmental agencies such as Medi-Cal.[...]
Tony J Tyre in Yahoo Finance as Certified Specialist
As Seen On Yahoo Finance! Tony J. Tyre Certified as Specialist in Estate Planning by State Bar of California Board of Legal Specialization. As Seen On Los Angeles Herald & Orange County Sun! Southern California estate planning firm, The Law Offices of Tony J. Tyre, Esq., APC, is pleased to[...]
Executor of My Will
By Tony J Tyre
Most of the time, clients become unclear about using the proper legal terms in estate planning, and for good reason—the terms are confusing. The most common example I hear is when people talk about wanting to name an “Executor of My Will.” However, this is not quite the proper term[...]
The Importance of HIPAA Releases In Today’s World
By Allyson S. Heller
In a pandemic, ensuring your health care affairs are in order is more important than ever. Those who do have properly drafted estate planning documents are likely non-compliant with privacy rules established by the Health Insurance Portability and Accountability Act (HIPAA). As a result, their successor trustees, executors, and financial[...]
