Manhattan Beach resident Justin Blaine grew up in a family that valued strong relationships. Raised in West Lake Village, he watched his dynamic father create a vibrant career built on strong networking and mentors.
Davis Blaine founded a successful California networking group, and Justin learned from example, forging a similar but distinct path of his own—as a baseball player, investment analyst and co-founder of Athlete’s Touch,…
What are some misconceptions about estate planning in California?
For many Californians, estate planning remains shrouded in mystery. If you have never studied the subject or explored the topic with an estate planning attorney, you might hold some common misconceptions about estate planning. The following is a look at a few estate planning myths and some helpful information to set the record straight:
Myth #1: A Will must be notarized in California in order to be…
(August, 2016) – Carico Johnson Toomey LLP is pleased to announce that Christopher D. Carico has been named to the 2017 Edition of The Best Lawyers in America, the oldest and most respected peer-review publication in the legal profession.
Best Lawyers has published their list for over three decades, earning the respect of the profession, the media, and the public as the most reliable, unbiased source of legal referrals. Its first international list…
How can I safeguard my child’s inheritance from my current spouse?
Unlike the couple whose first marriage stood the test of time and who are parents together exclusively to the same children, those who have multiple marriages and/or blended families sometimes face unique estate planning issues.
Each spouse generally enters the subsequent marriage with assets of their own, some or all of which may remain separate after the union. While the couple may have children together,…
How can I minimize the tax consequences when planning my estate?
As many high net-worth individuals know, an estate with a value up to $5.45 million is exempt from federal estate taxes ($10.9 million for married couples), and there is no estate tax in California. For those who have acquired assets above the exemption threshold, year-end gift-giving provides a way to transfer wealth to their beneficiaries while minimizing the estate tax that may ultimately be…
Why should those whose parents are well and happy in their 60s and 70s have “the talk” now?
While it may seem unnecessary to delve into your parents’ financial and medical plans for the future when they are still completely self-sufficient, this is precisely the right time to bring up matters of financial planning. For one thing, the time to have a rational conversation about an emotional topic is when all concerned are calm and…
(June, 2016) – William G. Benz has been named to the 2016 California Rising Stars list By Super Lawyers. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor.
William G. Benz represents and assists a broad array of clients, ranging from privately-owned companies to public municipalities. He is experienced in civil, employment, and labor litigation, as well…
by Christopher D. Carico | Partner
Change in Tax Focus of Basic Estate Planning
The federal government’s recent adoption of “portability,” allowing the transfer of the deceased spouse’s estate tax exclusion to the surviving spouse, and the fixing of the maximum federal estate tax rate at 40%, has shifted the tax planning focus for estate planners from estate taxes planning to capital gains tax for couples with wealth under $11,000,000. Those couples may now be…