In this article, you can discover… The role and benefits of lifetime gifting in estate plans. The tax implications of lifetime gifting. The types of assets that can be gifted. What Is Lifetime Gifting In The Context Of Estate Planning, And How Does It Differ From Other Gifting Strategies? Lifetime gifting involves the transfer of assets by a donor to another person or beneficiary. These gifts can be for the benefit of family members or can go to a charity. These gifts can help reduce the value of your estate for tax purposes or can meet a family member’s urgent need (such as providing emergency funds for a grandchild’s medical bills). Are There Any Limitations Or Restrictions On Lifetime Gifting In Monterey, California? While California does not impose a state-level gift tax or restrict who can receive gifts, it’s important…Read More
In this article, you can discover… The value and role of a real estate attorney. Reasons a real estate sale could fall through. How the closing process works. How Does A Real Estate Attorney Assist With The Purchase Or Sale Of Property In California? A real estate attorney can help you obtain an appraisal, discuss whether the timing of the sale is truly beneficial to you, and help determine if a tax-free exchange would be a better option than a sale. A real estate attorney can also review and advise on terms of the proposed listing or sale agreement, review inspection reports, and represent your interests with contractors. Finally, a real estate attorney can refer you to other professionals, such as accountants and insurance brokers and prepare and review all sale documents before you sign them. I Already Have A Real Estate…Read More
In this article, you can discover… The value and importance of succession plans for business owners. What factors to consider when choosing a successor. How to ensure a smooth transition of leadership once your business changes hands. What Is Business Succession Planning, And Why Is It Important For Business Owners To Consider? Business succession planning is a bit like estate planning for your business or enterprise. It ensures that when you retire or, should you become incapacitated or pass away, the business you have built can succeed, provide income, and take care of your family and employees for years to come. A business succession plan also ensures that your customers receive consistent, quality care during the transition and helps retain the value of your business as it passes to the next generation. What Are The Key Elements Involved In Creating…Read More
