Qualified Small Business Stock: Saving Taxes on the Sale of Your Small Business
I recently wrote about one early aspect of estate planning for small business owners: choosing between a corporation and LLC for your business. Today, I want to discuss another early part of business succession planning that you might not have thought about: choosing a tax treatment for federal [...]
How to Choose a Medi-Cal Qualified Nursing Home
Applying for long-term Medi-Cal to help pay for a nursing home can be an arduous process—a process I’ve written about in many past blog posts. But one part of the process I haven’t spent much time discussing is how to choose the right Medi-Cal qualified nursing home for [...]
How Long Must Someone Survive You to Inherit from You?
On December 27, 2016, Star Wars actress Debbie Fisher died after suffering a medical emergency while on a flight home from London. The next day, her mother, Debbie Reynolds, passed away after having a stroke while preparing for Fisher’s funeral. Having two deaths in the family in such [...]
The U.S. Gift and Estate Taxes for Foreigners
Most Americans don’t spend much time worrying about U.S. gift and estate taxes, because they don’t need to. For U.S. citizens and domiciliaries (don’t worry—I’ll come back to this term in a moment!), each tax offers generous exemptions. For instance, the gift tax isn’t even a concern until [...]
Protecting Your Business When You’re Incapacitated
Planning for what will happen to your small business after you die is important. Just as important is planning for what will happen to it if you become incapacitated. Whether you become seriously ill or are involved in an accident, you need to have a plan in place [...]
6 Do’s and Don’ts of Long-Term Medi-Cal Planning
I write a lot about long-term Medi-Cal, because there’s a lot to say. The rules are detailed and complex, so it’s easy to get lost in the weeds sometimes. Today, I want to take a big-picture look at qualifying for long-term Medi-Cal with this list of six do’s [...]
Taking Care Of Your Pet In A Trust
[transcription of video] Hi there, my name's Bridget Mackay. I'm an attorney in Petaluma, California. And this is Talia, my three-year-old Bernese Mountain Dog. Today, I'm going to talk a little bit about taking care of your pet in your trust. There's a lot of ways to do [...]
Medi-Cal White Paper
10 Things To Know Before Placing A Loved One In A Nursing Home.
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