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California residents face unique challenges in wealth transfer planning due to high property values, progressive income and property taxes, but no state-level estate tax. Here’s how OBBBA reshapes the landscape: Federal Estate/Gift/GST Tax Exemptions Permanently Raised OBBBA permanently raises the federal estate, gift, and generation-skipping transfer (GST) tax exemptions to $15 million per person [...]
When it comes to estate planning, many families operate under the assumption that silence equals harmony. Parents often create wills and trusts in private, thinking it’s best not to involve children or other beneficiaries in the details — especially if the plan involves unequal distributions or complex conditions. But this secrecy can backfire. In [...]
🌟 Dani Wows Local Accounting Clients with Estate Planning Presentation in Spanish 🌟 We’re proud to celebrate a recent milestone for our firm—and for our amazing virtual assistant, Dani! Dani, who works remotely from Colombia, delivered an outstanding presentation in Spanish on estate planning and our firm's services to the clients of a local [...]
When people think of estate planning, they often picture wills, trusts, and passing down personal assets to family. But for business owners—especially those with intellectual property, partnerships, or a growing brand—estate planning isn’t just about inheritance. It’s about protecting your life’s work. And if you think it’s only about retirement or old age, think [...]
The recent passing of Hollywood legend Gene Hackman has uncovered an unexpected and painful legal mess—one that could impact families just like yours, even if you don't have an $80 million estate. Hackman, a two-time Academy Award-winning actor known for The French Connection and Unforgiven, passed away just days after his wife, Betsy Arakawa, [...]
Liam Payne, a celebrated former member of One Direction, tragically passed away in October 2024 at the age of 31 after a fall from a hotel balcony in Buenos Aires. At the time of his death, his estate was valued at an estimated $32.2 million. However, Payne did not leave behind a will, leading [...]
Estate planning is a critical process that goes far beyond drafting a will. It requires careful strategizing to preserve, protect, and transfer your wealth while minimizing legal complications and tax liabilities. A skilled estate planning lawyer can make all the difference, ensuring your assets are safeguarded and your legacy is secure. Here’s how to [...]
Determine your needs Seek Recommendations Verify Credentials Evaluate Experience Research Reputation Schedule A Consulation Assess Communication Ensure Accessibility Finding the right estate planning attorney is essential to secure your future and protect your assets. At the Law Offices of Tony J. Tyre, we are dedicated to making this process simple and effective. Here are [...]
The holidays are here, and what does that mean? Soon you’ll be hearing people talking about their New Year’s resolutions. “I’m going to read at least one hour per day,” they’ll say. They’ll emphatically declare, “I’m going to work out more,” and “I’m going to eat better!” But let’s be honest—these types of resolutions require [...]
As your life changes, so too can your revocable trust. While there are numerous reasons why you may want to modify your trust, the following events are the most common that necessitate a trust amendment: The birth or adoption of a child When initially creating your trust, you may have named individuals such as siblings, [...]
