For most people, planning for their death is not an enjoyable activity. However, we must all come to terms with our mortality and make sure that we put a plan is in place for how our estates will be handled following our death. An estate plan can encompass many different documents and plans. When most individuals think of an estate plan, they think of a last will and testament. Is a will...Read More
For most people, thinking about retiring is exciting. After years and years of hard work, you are finally able to spend your days relaxing and doing whatever you want. Without working, however, you no longer have a traditional income. This is where an individual retirement account (IRA) comes in handy. Part of the federal taxes you pay through your paycheck does go into Social Security so that...Read More
Recently, the California Supreme Court issued an opinion about the classification of individuals as either employers or independent contractors. In Dynamex Operations West, Inc. v. Superior Court of Los Angeles, the court reinterpreted existing case law surrounding whether or not workers should be classified as independent contractors or employers. The court ultimately rejected previous tests...Read More
You’ve just graduated from dental school and are ready to hit the ground running. There are several options available to you:
(1) You can apply for a job working for a dental company such as Western Dental;
(2) you can apply for a job at a preexisting dental office;
(3) you can start your own dental practice from ground up; and
(4) you can buy an already existing dental practice.
All the...Read More
I am in my mid 30’s and as far as I am concerned my life is just beginning. I have been married for two years and my wife and I have an amazing, playful, loving, caring baby boy. However, as I look towards and plan for my future I can’t help but think of people that I knew my age or younger who lost their lives this past year. They passed away either to tragic accident or an illness. Now...Read More
What is a Step Up in Basis? and Why should I consider transferring property via a Trust?
There are number of reasons to create a Trust. Some of them involve avoiding Probate; others may involve avoiding conflict between heirs. However, one that most people don’t think about is avoiding capital gains taxes.
I recently had a client contact me regarding a house that her father had given to her...Read More