Dear Clients and Friends, Our new tax law doubles the standard deduction to $12,000 for an individual filer and to $24,000 for a married couple. (The IRS standard deduction is the portion of income that is not subject to tax, thereby lowering your overall tax burden. Taxpayers … [Read more...] about Buy or rent and our new Standard Deduction tax law
Economy
Pros and Cons on divorcing spouses living together
Dear Clients and Friends, The first step in a divorce is usually for one member of the couple to “walk out.” But increasingly, divorcing spouses aren’t walking out at all – they’re staying put. In fact, it’s been estimated that as many as one-half of all separating couples … [Read more...] about Pros and Cons on divorcing spouses living together
How to avoid common trust mistakes
Dear Clients and Friends, Trusts can be the linchpin of a solid estate plan. But it’s important to remember that you can’t just set up a trust and forget about it. It’s a good idea to periodically review how your trusts are working to make sure you and your family are getting … [Read more...] about How to avoid common trust mistakes
Deciding on a Bankruptcy
Dear Clients and Friends, A liquidating, Chapter 7, Bankruptcy comprises the vast majority of Bankruptcy filings. Deciding on such a filing should not be based solely on one's need to get rid of ones bills. That is too often done and too short sighted to get one what they … [Read more...] about Deciding on a Bankruptcy
California Courts – it is not business (or justice) as usual
Dear Clients and Friends, In the last several years, California’s budget crisis has decimated our court system. Cuts of more than 30 percent have left courts across the state and particularly in Los Angeles County understaffed and unable to meet the legal needs of … [Read more...] about California Courts – it is not business (or justice) as usual
The Election
If you are an Obama fan, congratulations on a hard-fought victory and if you are a Romney fan take heart that you have not lost the grand surviving spirit of man. Our economic scene will have to run its course for the next few years irrespective of who is in the White House. … [Read more...] about The Election
