Newman Law Group

July 2019 Archives

Trusts as a tool for reducing estate taxes

Estate taxes in California can be on the high side, amounting to as much as 13%. Reducing estate taxes is a goal of many people, and they will go to extraordinary lengths to accomplish it. This includes even moving out of state prior to an expected increase in income from an event, such as the sale of a company. A recent Supreme Court decision may provide another way.

Asset protection and virtual currency

Bitcoin and cryptocurrency are terms that have entered the vernacular in recent years and are becoming recognized as forms of legitimate assets. The currency can be traded between owners or converted to legal tender. There are elements of it one might want to be aware of when it comes to asset protection and estate planning in California.