When it was approved by voters in 1978, Proposition 13 brought lower real property taxes for owners of residential, commercial and farm properties throughout California. It accomplished this through a rollback of property values to 1976 levels and a limit on annual increases in property...
Supporting a favorite charity or philanthropic organization during your lifetime and/or after your death can be accomplished in several ways. A previous article discussed the benefits of private foundations and donor-advised funds. Determining the best strategy for charitable giving that takes into account estate tax...
Taxation of irrevocable trusts has always been complicated, but in recent years the level of complication has increased due to state tax laws being passed that attempt to bring trusts within a state’s tax reach that previously would not have been subject to such tax. ...
