By Lisa M. Gibbs, M.D., Christopher Carico, Esq. and Lilian H. Walden, Esq.
Reprinted with permission of the State Bar of California, Trusts and Estates Section, from Volume 24, Issue 1, (2018) of the California Trusts and Estates Quarterly.
Despite a lack of mental health training, trust and estate attorneys often have to assess the cognitive…
by Angela Kil, Esq.
An important federal tax law that took effect on January 1, 2018 that increased the estate tax exclusion from $5,490,000 in 2017 to $11,180,000 in 2018 for each taxpayer (now $11,400,000 in 2019). Under the new law, in 2019, married couples can now shelter a combined inflation adjusted $22,800,000 from estate tax using both spouse’s exclusions. However, the increase to $11,400,000 per spouse may be…
El Segundo (June 11th, 2018) – Angela Kil, Partner at Carico Macdonald Kil & Benz LLP has been named a 2018 Southern California Rising Star in the area of Estate Planning and Probate by Super Lawyers®.
Super Lawyers®, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented…
Bonaventure Hotel, Los Angeles: Attorneys from the law firm of Carico Johnson Toomey LLP attended this years Westcoast Sports Awards dinner honoring Kareem Abdul-Jabar as the Roy Firestone award recipient.
Roy Firestone Award Winner
WSA could not be more excited to partner with the UCLA Bruins and Los Angeles Lakers legend. Abdul-Jabbar won three consecutive NCAA Championships in ’67, ’68, and ’69, while being recognized a record three times as MVP. He went on to win…
Carico Johnson Toomey attends the 2017 Westcoast Sports Associates Dinner 2017 Gala honoring Kareem Abdul-Jabbar
Bonaventure Hotel, Los Angeles: The WSA’s 22nd installment of the Roy Firestone Award, the organization honored Kareem Abdul-Jabbar.
WSA could not be more excited to partner with the UCLA Bruins and Los Angeles Lakers legend. Abdul-Jabbar won three consecutive NCAA Championships in ’67, ’68, and ’69, while being recognized a record three times as MVP. He went on to win six…
by Lilian H. Walden, Esq.
Effective September 27, 2016, the IRS will now permit a special tax election for surviving spouses (known as a QTIP election). This will apply even when it is not necessary to reduce the estate tax liability to zero upon the death of the first spouse, pursuant to Revenue Procedure 2016-49. Prior to this point, there was some uncertainty over whether or not with the new portability rules, a QTIP election…
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,…
(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…
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…
U.S. News – Best Lawyers® ranked Carico Macdonald Kil & Benz LLP on the 2016 “Best Law Firms” list in the Metropolitan Tier 2 and Tier 3 Ranking in Los Angeles for their work in Trusts & Estates Law and Trust & Estates Litigation.
The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys…