Colleen Carcone J.D., CFP®, presented “Biden Tax Updates” on Dec. 07, 2021, at 05:00 PM PDT. There are a lot of priorities from the Biden-Harris Administration Immediate Priorities, American Rescue Plan, and the American Jobs Plan, just to name a few. Attorney Carcone will help us to break down what changes are expected in the next few years. Guest: Colleen Carcone […]
Category: Estate Planning (page 1 of 2)
Dr. Chien interviewed Kathleen M. Rehl, Ph.D., CFP®, CeFT®, on “What Matters the Most? Help Your Clients Write Legacy Letters for Family and Friends” on Nov. 09, 2021, at 02:00 PM PDT. In the Estate Planning Section from the comprehensive financial planning, we often recommend clients to write a “final letter of last instruction.” A final letter […]
Dr. Chien interviewed Eric W. Cosentino, CTFA, on “Why you should consider using a Trust company to manage your assets?” on Oct. 19, 2021, at 2:00 PM PDT. Certified Financial Planner or CFP® often recommends the clients set up a trust when their financial situation warrants such a valuable tool. One out of five financial advisors […]
May 12, 2021 Dr. Hossein Salehi gains his global perspective in finance from his experience living in Iran, Italy, and the U.S. Dr. Salehi is passionate about teaching and working with students at California Lutheran University, “I like helping people as a whole, that’s why I actually chose financial planning because I really wanted to […]
About the speakers: Hratch J Karakachian, CPA, ESQ, is a senior adjunct faculty member at California Lutheran University School of Management. He has been teaching in the MBA in Financial Planning Program since 2013. He has taught Principles of Estate Planning, Income Tax and Strategy, Managerial Accounting, and Foundations of Accounting and Finance courses. Hratch […]
Why Should Business Owners Consider Section 1202 What is Section 1202? The Qualified Small Business Stock (“QSBS”) gains exclusion is known as Internal Revenue Code Section 1202. Section 1202 allows a portion or 100% eligible capital gains from QSBS to be excluded from federal income tax. The exclusion applies only to QSBS held for more […]
What Should You Know About Asset Protection Trust A Domestic Assets Protection Trust (“DAPT”) is an irrevocable trust which is generally formed as a defective grantor trust to benefit the trustor. A properly-structured DAPT shields trust assets from the claims of creditors of the trustor, making it a particularly attractive estate planning tool for business […]
A generation-skipping transfer (GST) occurs at the time a property is gifted or bequeathed to generations who are two or more below that transferor (Tomin & Carcone 2018). The person who is two or more generations below the transferor is defined as a skip person, could include family members or unrelated people. In the case […]
A qualified terminable interest property trust (“QTIP Trust”) refers to a trust that allows for a marital deduction for property passing to a trust for the benefit of the surviving spouse, even though the decedent controlled the passing of trust property at the surviving spouse’s death. The QTIP Trust ensures a spouse to give a […]
Trust is not the luxury of wealthy people; it also works for net worth falls within the federal estate tax exemption. According to the IRS 2020, the federal estate and gift tax exemption is $11.58 million for an individual and $23.16 million for a married couple in 2020. The reason for trust is an excellent […]
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