News that IRS audits are on the decline may sound like a welcome relief, especially for high-income individuals. Yet, for anyone focused on long-term wealth preservation, a fundamental shift in enforcement isn’t a free pass. Now may be the best time to review your estate planning strategy. A recent report from The New York Times highlights a consistent drop in IRS…
Over the next 20 years, an estimated $84 trillion in assets is expected to change hands from older Americans to younger Americans in what financial experts are calling the “Great Wealth Transfer”, as referenced in a study from USAToday. Our April newsletter provides helpful tips on how to leave your wealth wisely when it comes…
Disputes over terms of your will or trust can derail your final wishes, quickly drain your financial legacy, and tear apart your loved ones. But if you plan ahead of time, you can spare your family a potentially irreparable conflict. Here are some key points to consider to minimize the chance of a will or…
By Jennifer J. Carney, Esq. As pet owners, we often regard our animals as cherished members of our family. Their companionship, loyalty, and unconditional love enrich our lives in ways that are irreplaceable. However, it is essential to consider the future of our pets should the unforeseen occur. Estate planning for your pets is a…
According to a new dementia prevalence estimate published by Alzheimer’s Orange County, over 164,000 people in Orange County are affected by dementia or mild cognitive impairment. Walk4ALZ raises funds to support research, programs, advocacy, and local services for those living with memory loss—as well as the families and caregivers who support them. Our firm has…
Spring cleaning isn’t just for your home—it’s also a great time to dust off your estate planning documents and get your affairs in order! Our March newsletter explains how a bit of list-creating and organizing now can provide peace of mind to you and your loved ones. Do You Know What You Own? Start with…
On February 27, 2025, FinCEN announced that companies won’t face fines or penalties if they miss the current deadlines for filing their beneficial ownership information (BOI) reports—March 21, 2025, for most businesses. FinCEN also plans to issue an interim final rule by March 21, 2025, to extend BOI reporting deadlines. Further, FinCEN intends to seek…
Money and property might be the most talked-about parts of a person’s wealth, but the wisdom, traditions, and experiences they pass down can be just as valuable—if not more. Your estate plan isn’t just about dividing assets; it’s a chance to reinforce the values that make your family unique. After all, leaving a legacy comes…