A few weeks ago, the Rams won a Super Bowl for the first time since they have called Los Angeles “Home”. One of their stars, Odell Beckham Jr. (“OBJ”), signed a one-year contract prior to this season to play wide receiver for the Rams. For better or for worse, OBJ decided to convert his base…
As we enter a new year, we extend our appreciation and gratitude to both our existing and new clients. We have a genuine passion for what we do and we thank you for trusting Law Stein Anderson as your legal counsel. 2021 Recap 2021 was another unique year where we found ourselves overcoming challenges similar…
As the holidays are fast upon us, many are concerned with ensuring they have the perfect gifts for their loved ones. However, gifts are not only the wrapped goodies left under the tree or on a loved one’s doorstep – they can be a great estate planning tool as well! Annual Exclusion Current 2021 law…
Cryptocurrency or virtual currency (used interchangeably) has become quite the coveted asset among investors because of the seemingly lucrative return due to its fast appreciating nature. Cryptocurrency has also been the subject of growing interest by government regulators, including the Internal Revenue Service (“IRS”). But what is virtual currency? How is treated for tax purposes?…
California has enacted AB150, joining the growing list of states implementing a workaround on the current $10,000 cap on state and local tax deductions. A Little Background In 2017, as part of the Tax Cuts and Jobs Act (TCJA), Congress greatly limited the ability of taxpayers to deduct their state and local taxes (SALT). In…
Just got remarried? Time to update the estate plan! Just had a baby? Time to update the estate plan! Remembering to update your estate planning documents, (your will and trust), may not be top of mind after every life changing event. These milestone moments take up time, emotions, and let’s face it, valuable sleep, so…
The good news? There still may be hope for those who missed the boat on planning before Prop 19 became effective! Prior to February 16, 2021, real property was reassessed at market value if it was sold or transferred, and often times property taxes increased dramatically as a result. After February 16th, passing real property…
“Why did my dad leave most of his money to charities and not his kids?” “It’s unclear what my father’s intentions were with our family vacation home.” “My mom left a handwritten document stating who should receive her jewelry and art collection. Is this an official document?” Losing a loved one is a difficult time,…