Strategic Estate Planning in Uncertain Times
Don’t just sit there, plan but plan flexibly! Article here: Your clients may think that their best course of action is to hold tight until the political landscape becomes clear. This is an attitude that could cost them. Now is not the time to wait for...Ten Ways to Prevent Affluenza
More here: As with lottery winners and athletes who are in danger of spending significant portions of their new-found wealth in an instant, children who were raised with wealth must be properly prepared to handle affluence and their inheritance wisely Older...Rumors of Trust Demise Greatly Exaggerated
Some of the reasons listed here: Despite the proposed high estate, GST and gift tax exemptions and whether there’s repeal, trusts will remain extremely popular for many non-tax reasons, including: family governance/succession/education; ability to override the...Is it too soon to blame the Texas church victims for not arming themselves?
I would hope most people by now know that the Texas church massacre was stopped by a good guy with a gun, Stephen Willeford, and that the gun he used to stop the attack was the oft-maligned AR-15. Some on the Left are so crazy they actually say Willeford should...Abortion rate drops to historic low, yet women having fewer children than ever
The abortion rate in the US has plummeted to an historic low: In 2014, there were 12.1 abortions per 1,000 women of childbearing age – down from 19.4 in 2008. On the other hand, in England women are having fewer children than ever: The same generation also had...Asset Protection: Greenbacks Flee California to Sanctuary States
A huge sea change in California asset protection law is sending assets to sanctuary states, like Nevada, more willing to protect those assets than creditor-friendly California. That other states better protect funds in self-settled trusts is old news. Many states,...Armed Citizen ‘Engaged’ Atheist Texas Church Killer, Ending Rampage
UPDATE: The Texas church shooter (who BTW preached atheism) was dishonorably discharged, had a history of domestic violence, so would seem to have been prohibited from possessing firearms. Bottom line, he criminally broke existing gun laws even before he murdered....House GOP Tax Plan Avoids Carryover Basis Regime
So far, the House GOP’s proposed tax plan avoids the carryover basis regime that would have been necessary if it would have imposed a capital gains tax at death to replace the estate and generation skipping transfer taxes, as the Trump campaign seemed to favor....Enfilade from Mandalay Volleys Right Over Thin Blue Line
A few brief comments on the horrific attack in Vegas — brief because so early in a shooting like this, there is a lot of false reporting. For example, it was initially reported that Vegas police broke through Paddock’s door just ten minutes into the...OJ Simpson Suspected of Having Offshore Accounts
Story here reminds us that OJ Simpson is suspected of squirreling away millions in offshore accounts. (One of OJ Simpson’s pals seems to have spilled the beans in a recording seconds after Simpson’s ill-fated robbery in Vegas. Cook believes it is possible...Handgun? Pepper Spray? Both?
Seems like everyone these days is hawking self-defense products, and not all of these salesmen are friendly toward gun rights. The sad reality is that many of these purveyors of pepper spray are pacifist-aggressive, anti-gun activists, intent on spreading propaganda...Young Idiot Grabs Mag off HB Cop’s Belt, Cop Gives him 7 More Rounds
Story here. Videos are rather shocking to watch. Granted, the officer did not have much time to react and may have confused the item taken from his belt (which does appear to be a magazine) for something more lethal or perhaps the officer didn’t realize...OCAR’s Realtor Safety Training to Mention Guns, Possibly, to Boost Sagging Attendance
We may soon see some local progress for right to carry at least in terms of our local board of realtors, Orange County Association of Realtors, mentioning in its safety training classes the possibility of using guns for self-defense. Doesn’t sound like much, I...Mass Church Shooting in Nashville
Usher had license to carry but no gun until he retrieved it from his car. If he had carried the gun on him, things might have turned out differently. Story here. Aaron said the usher, who has a valid carry permit, then went out to his car and retrieved his own...Atheists thought immoral, even by fellow atheists: study
A unusual social study has revealed that atheists are more easily suspected of vile deeds than Christians, Muslims, Hindus or Buddhists—strikingly, even by fellow atheists, researchers said Monday. Source: Atheists thought immoral, even by fellow atheists: study...Will your pets outlive you? They need a pet trust!
I’ve had several clients actually tell me they want their pets destroyed when they pass on. Most pets would prefer a pet trust. Fish might be less of a commitment. Unlike goldfish, parrots live up to about 60 years. There are reports of parrot...Would-be mugger surprised by gun-toting victim
Police said a 51-year-old man was walking in the Jackson Park neighborhood when the robber hit him in the head. Neighbors said the man told them he had been at an ATM up the street, and he had just withdrawn cash. He was walking home when the robber attacked....Barnes for OC Sheriff!
UPDATE: I initially had concerns about Barnes (as you can see below) and initially supported Harrington because Harrington seemed more of a purist on 2A, but as I mentioned in several calguns.net posts back in the primary, I changed my mind. This was due in large part...28% of Burglaries Happen While Someone is Home
U.S. Department of Justice Office of Justice Programs Bureau of Justice Statistics Special Report National Crime Victimization Survey Victimization During Household Burglary September 2010 NCJ 227379 Shannan Catalano, Ph.D., BJS Statistician...Mother discovers daughter’s cremains are actually dog remains
My suggestion, for anyone wishing to go as far as DNA testing to be sure of the identity of remains, is to avoid cremating those remains. The couple has since received a new box that the crematory said is their daughter ashes, but they hope a DNA test can...Under siege, more judges opt to arm themselves for protection
“The courtroom is a place of highly charged, highly emotional, highly sensitive cases,” said Raftery, who has written reports about weapons in courthouses. “It’s a two-pronged issue. There’s been an increase in judges who want to carry firearms, but more and...Judge Shot in Ambush, Returns Fire and Successfully Repels Attack
Abdalla became emotional and said, “The judge was shot in front of the courthouse and it affects me. It is an attempted murder on a judge.”Later today, he said, “Every judge should be armed today in America. Prosecutors need to be armed. It was a cold-blooded...Woman, age 57, draws gun from purse which robber decides not to take
The would-be robber reportedly grabbed the woman’s purse while it rested on her shoulder, at which point, the victim brandished a weapon she had stored inside. Source: Police: Robber tries to take woman’s purse, flees when 57-year-old shows gun at west...Laguna Hills – Commercial Burglary – YouTube
Not far from my office. Rats do indeed travel in packs, apparently — I count nine. Hard to watch this and favor limits on magazine capacity:Happy Senior Citizens Day … Winter is Coming
Happy Senior Citizens Day! Winter is coming … and as the Holidays approach, families are shifting their focus toward estate planning. Get your planning done now, before the rush...Young men giving up on marriage: ‘Women aren’t women anymore’
Fewer young men in the US want to get married than ever, while the desire for marriage is rising among young women, according to the Pew Research Center. Pew recently found that the number of women 18-34 saying that having a successful marriage is one of the most...How To Invest In Art
People who collect for the long term may get more for their money by adapting the strategies of value investing. That means forgetting contemporary and postwar works and looking for unfashionable or neglected pieces with intrinsic value. “We need people to...Avoid These 7 Estate Planning Mistakes
Have you recently developed or reviewed your estate plan?An estate plan is not a “set it and forget it” type of plan. It’s more of a process than a singular event.A person’s desires and goals can change over time, as can important laws.It’s critical to...Six Ways Millennials Are Changing Charitable Giving
Millennials care more about others than you might think. The 2015 Millennial Impact Report found that 84 percent of millennials made a charitable contribution in 2015.The truth is, millennials do care about things other than themselves, and they’re willing to...Carmack v. Reynolds: California Supreme Court Rules on Asset Protection Trusts
SCOCA has ruled that a creditor/predator can reach up to the entire amount of trust sums due and payable to a beneficiary, plus up to 25% of specified future payments, underscoring the crucial value of having trustees with full discretion over distributions....Five Planning Questions For Single Parents
When only one parent is involved, certain aspects of a plan demand special attention.In most states, your client’s spouse is first in line to make health and financial decisions in the case he becomes incapacitated or dies suddenly. But for single...California Supreme Court Holds Localities Can Apply Documentary Transfer Tax to Transfers of Interests in Property-Holding Entities
The California Supreme Court, in a 6-1 decision, has held that a city or county may impose documentary transfer tax on the transfer of the ownership interests in a legal entity that owns real property located in the locality. In 926 North Ardmore Avenue, LLC v....How Nevada Became America’s Safest State for Wealth Protection
He concluded, “The court did the right thing. They said, listen, our legislature determined what the public policy was in our state and they specifically included it. It’s a clear statute.” That’s settled in Nevada now, providing protection to Nevada...Seven Tips For Managing Sibling Wealth Disparity
The starting point for dealing with wealth disparity is having a common understanding of what family means for this generation and developing a shared vision for how to be a family in the future. This shared vision, based on the identification of shared values...Where did baby boomers go wrong? This generation isn’t financially prepared for retirement
Baby boomers, or those born between 1946 and 1964, expect they’ll need $658,000 in their defined contribution plans by the time they retire, but the average in those employer-sponsored plans is $263,000, according to a survey of 900 investors by financial...Rev Proc 2017-34 simplifies getting extension for portability election
Rev. Proc. 2017-34 SECTION 1. PURPOSE This revenue procedure provides a simplified method for certain taxpayers to obtain an extension of time under § 301.9100-3 of the Procedure and Administration Regulations to make a “portability” election under §...Move over, millennials — members of Generation Z are ready to work
Ready for labor…and defense? In their first job, 70% said they want stabilityHaving come of age at the height of the recent financial crisis, job security is top of mind for people in Generation Z, according to experts. As a result, some of their...No Charitable Deduction for Incomplete Gift
Six Tests for Charitable DeductionSales for less than fair market value (FMV) to charities are deductible as the spread between FMV and amount realized.2 An Internal Revenue Code charitable deduction is permissible if six tests are met under Goldstein v....Most Eccentric Last Will and Testament Requests By Famous People – History Daily
From crazy cremation requests to creepy memorial guidelines, here are some weird and eccentric wills left by famous people in history. Source: Most Eccentric Last Will and Testament Requests By Famous People – History DailyLatest State To Repeal Estate Tax: Delaware
Despite facing a $400 million budget hole, Delaware is the latest state to repeal its estate tax—as of Jan. 1, 2018. Democratic Governor John Carney Jr. signed a stand-alone estate tax repeal bill today, just two days after signing the 2018 state budget, which...Demystifying Dynasty Trusts
Most people think of dynasty trusts as something only the highest net worth families should even consider. In reality, they are something that is a great solution for many families. Although they require the help of a skilled estate-planning attorney, who can...Five Myths to Overcome with New Estate-Planning Clients
The American public largely misunderstands estate planning. They read stories in the press about multimillion-dollar estate battles and assume estate planning is reserved for the rich and famous. Take for example the estate of the late musician Prince. The...Profoundly Naive Advocates of Will-by-Text Smoke Same Stuff as Driverless Car Advocates
[You know, if you get off that stuff you’ll be a much better driver and you’ll plan much better for your family!] The plans drawn up by the Commission call for the law to be relaxed to allow notes, emails and voicemail messages to be used in place of a...Steve Oshins’ State Rankings Charts Fight Big State Gov Attacks on Trusts
Pick the best state for your dynasty trust, while you fight state income tax drag, protect assets from creditors, and decant to your heart’s content with Steve Oshins’ state rankings charts: Steve Oshins | State Rankings Charts Steve is a nice guy...Marilyn Monroe’s bad planning
Marilyn Monroe died in 1962 at the age of 36, leaving her personal effects to acting coach Lee Strasberg and indirectly to his third wife — who Marilyn never knew but who inherited those valuable goodies when Strasberg passed. Source: Marilyn Monroe’s bad...Murder witnessed by parrot: “Don’t (expletive) shoot!”
If I had a parrot, it would say “Stop right there! Stop or I’ll shoot!” Martin Duram’s ex-wife, Christina Keller, has said that after the slaying, the pet parrot, Bud, repeated “don’t (expletive) shoot” in Martin Duram’s voice. Keller took...Fifteen Minute Course: “Do I need to update my estate plan?” (Reward for Completing)
Because you are busy, but want the peace of mind that comes from knowing your family is protected, we’ve created a SHORT 15-minute online course for you to take and get an idea whether it is time to update your estate plan. Access the “Do I need to update...Yes, a Firearm Safety Certificate is required for trustees and agents!
I am often asked by professional fiduciaries whether they need to have a Firearm Safety Certificate (FSC) for the work they do. Professional fiduciaries are subject to the same penal code as lay fiduciaries so the answer is yes, generally, fiduciaries (whether...Chinese food driver shoots would-be robber outside abandoned…
JACKSONVILLE, Fla. – A Chinese food delivery driver shot at least one of three teens who police said set up the driver with the intent to rob him.Police said a group of three teens called in a Hot Wok Chinese order and had it delivered to a vacant home on...
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