As part of the Tax Act compromise in December 2010, Congress adjusted the estate tax by increasing the exemption from estate tax to $5 million per person ($10 million per married couple); the previous exemption was $3.5 million. Just as important to some people who may have exhausted the previous $1 million gift tax lifetime Continue Reading …
Trusts and Estate Planning
The firm provides counsel in estate planning, trusts, probate and estate taxation matters. Our services also include advising clients about charitable giving programs, and drafting charitable remainder and charitable lead trusts.
Tenants In Common
January 1, 2010 By
Situation A very valuable commercial property in West Los Angeles was owned by a large, extended family for at least two generations. The ownership was scattered among many family members, each of whom owned a separate share in his or her name alone. The property ownership is referred to as “tenants in common” – there Continue Reading …
