by LM2 | Dec 8, 2023 | Estate Plan |
The Corporate Transparency Act (CTA) is poised to bring transformative changes to the U.S. business landscape, with a spotlight on corporate beneficial ownership reporting. This initiative represents a significant advancement in U.S. anti-money laundering measures...
by LM2 | Nov 29, 2023 | Estate Planning |
The “estate” you own comprises much more than just physical real estate. Whether you have a modest income or sizeable assets, understanding the full scope of your estate is essential for planning purposes. Let’s delve into the various components of an estate...
by LM2 | Nov 21, 2023 | Special Needs Planning, Special Needs Trusts |
Special Needs Trusts (SNTs) are designed to provide supplemental support to individuals with disabilities without jeopardizing their eligibility for government assistance, such as Medi-Cal or Supplemental Security Income (SSI). However, there are certain expenses that...
by LM2 | Nov 14, 2023 | Estate Planning, Trustee, Trusts |
Designing a trust is a significant move in estate planning, one that provides flexibility and potential tax advantages. Central to the operation of any trust is the Trustee, responsible for managing and distributing the trust’s assets as per its terms. Given...
by LM2 | Nov 7, 2023 | Estate Planning |
“I’ll get to it later.” It’s a phrase many of us have uttered, especially when it comes to tasks that feel overwhelming or too distant to be pressing. Estate planning, for many, falls into this category. But as any experienced Torrance will...
