Are you aware of and/or prepared for the “Great Wealth Transfer?” What is the Great Wealth Transfer and how will this affect tax and estate planning in the months and years to come? The “baby boomers” (those born between 1946 and 1964) represent a substantial portion of the US population. ...
Create a New Trust or Update Your Existing Estate Plan
If you wish to create a new trust or update your existing estate plan every 2 to 3 years you will need skill and expertise across many separate disciplines: tax, estate planning and legal services. These services are seamlessly integrated at Allen Barron to provide a much more comprehensive overview...
Estate Planning Helps Small Business Owners to Protect Their Business
Estate planning helps small business owners to protect their business and all of the hard work they’ve invested to build it. A small business owners estate plan should provide trust protection for their LLC, C Corporation, S Corporation or other business entity. Estate planning for small business owners can be...
California voters took to the polls and preliminary results are in….Proposition 19 passed!
California Proposition 19 passed resulting in new questions and opportunities for many here in San Diego and across California. Proposition 19, entitled: ‘Changes Certain Property Tax Rules’ is good news for homeowners who are 55 or older, disabled, or have been victims of wildfires, or other natural disasters. The Constitutional...
What is a Legal Trust and Why Should You Consider One
What is a legal trust and why should you consider one if you are a homeowner or are part of a blended family in San Diego? A trust is a common legal tool which allows your assets to pass to your beneficiaries without having to go through the time and...
Tax and Estate Planning for Blended Families in San Diego
Allen Barron provides tax and estate planning for blended families in San Diego and throughout the Southwest United States. The percentage of second and third marriages has substantially increased over the past few decades, and blended families have become a normal part of life here in San Diego. There are...
An Unfortunate Lesson in Estate Planning from David Cassidy
We may have learned an unfortunate lesson in estate planning from David Cassidy this week. His death has brought several life lessons to light, and one of them is a reminder to update your estate plan and trust documents every two to three years. Things change. David Cassidy's daughter Katie was...
Even If Washington Raises the Estate Tax Exemption to $10 Million You Should Still Have a Trust
Even if Washington raises the estate tax exemption to $10 Million you should still have a trust, especially if you are a home owner. Why? The short answer is time, money and saving a lot of hassle for your loved ones, heirs and beneficiaries. Raising the exemption on federal estate...
Legal and Accounting Services for Executors and Trustees in San Diego
Allen Barron provides legal and accounting services for executors and trustees in San Diego. Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to serve as the executor of an estate or the trustee for a family trust. Once the glow...