Inheritance disputes after a parent’s death are all too common for even the most well-adjusted families. Disputes may consume hundreds of thousands of dollars in attorneys’ fees and destroy once healthy sibling relationships. Fortunately, disputes are often predictable and avoidable with careful planning.
Join us next Wednesday, September 23rd at 5:30 as Chris Carico discuses drafting and planning tips that minimize the chances for inheritance disputes.
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…
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,…
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…