Posts From August, 2016

Christopher D. Carico Named to 2017 Best Lawyers® List

Christopher D. Carico

(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…

Read More

The Unique Challenges of Estate Planning in Blended Families

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,…

Read More

Gift Giving as an Estate Planning Tool

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…

Read More

A Job for Two Generations

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…

Read More