2022: Changes in the Tax and Estate Planning Area 2022 has brought some changes in the Estate Planning and Tax area. Visit our Blog at www.themcnamaralawfirm.com for more information, but here two that my clients always find interesting. 2022 Gift Tax: My clients...
But That’s Not Fair! As a family law attorney, I frequently hear this from people the first time they walk into my office. The first thing I tell them is that people who spend a lot of time worrying about whether or not something is “fair” tend to have difficulties...
A 50/50 Split of Assets in Divorce Isn’t Always Equal California is a community property state, which means that all property acquired during marriage is presumed to be community property and is normally divided equally in divorce. But dividing an asset equally,...
Advance America – Canyon Center In the wake of the COVID-19 pandemic, it has become more important than ever to take a hard look at your finances and figure out the best way to keep yourself and your money on track. For some, that means setting up savings...
Let’s Be Careful Out There Some of you might remember that phrase from the morning roll call of the hit T.V. Show N.Y.P.D. Blue. Those of you would be wrong. N.Y.P.D. Blue starred, amongst others, David Caruso, who I had the pleasure of meeting a few years back thanks...
Increase of Annual Gift Tax and Estate Tax Exclusions in 2022 The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12...
