California’s unofficial election results indicate that Proposition 19, one of the two Propositions affecting California property tax rules, passed and will affect transfers after February 15, 2021. Commercial and industrial...more
San Francisco voters will confront a number of tax measures on the November ballot. These measures are summarized below....more
San Francisco voters will again confront a formidable ballot on November 3, 2020, with 13 San Francisco propositions to consider in addition to state and federal offices and measures. The local propositions address an array...more
10/14/2020
/ Affordable Housing ,
Ballot Measures ,
General Elections ,
Land-Use Permits ,
Legislative Agendas ,
Local Ordinance ,
San Francisco ,
State and Local Government ,
State Elections ,
State Taxes ,
Tax Rates
While the focus in November is on the top of the ticket, Californians also face a long list of ballot measures. Here we focus on three major measures that impact California real estate: Propositions 15, 19 and 21....more
Proposition 19, which will be on California’s November 2020 ballot, dramatically changes the property tax rules exempting certain intra-family transfers and primary residence transactions for certain individuals such as those...more
Now may be an opportune time to gift assets out of your estate, particularly through an estate planning technique known as the Grantor Retained Annuity Trust (“GRAT“)—a small silver lining of the alarming pandemic and down...more
9/4/2020
/ Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Fair Market Value ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Irrevocable Trusts ,
Tax Liability ,
Tax Planning ,
Tax Rates
Major tax reform discussions are ongoing in Washington and Sacramento while everyone at home is busy navigating the pandemic. Many commentators are predicting that budgetary pressures resulting from the COVID-19 stimulus...more
9/4/2020
/ Estate Planning ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Trusts ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Irrevocable Trusts ,
Joe Biden ,
Legacy Funds ,
Property Tax ,
Roth Conversions ,
Tax Haven ,
Tax Planning ,
Tax Rates ,
Tax Reform