Our library articles contain vital information on living trusts, asset protection, incapacity planning, and probate requirements for California residents. Learn about what you must do, documents you will need, and deadlines you must meet in our online library.
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Navigating Estate Taxes at the State and Federal Level Even though California does not levy state estate taxes, you may still be taxed at the federal level. Learn more here. -
You May Need to Act NOW To Preserve Your Home’s Low Property Taxes for Your Children - January 2021 Newsletter In November, California voters approved Proposition 19. This may dramatically reduce your children’s ability to retain your below market property assessment -
Estate Planning Resources for Professional Advisors Our estate planning firm works closely with financial advisors and professionals to bring you the most comprehensive estate plan possible. -
A Look Back at Our Company History on Our 30th Anniversary Phil Kavesh, the founder of The Law Firm of Kavesh, Minor & Otis, looks at how far we've come in honor of our 30th anniversary. -
Estate Planning, Trust Administration, and Probate Resources Here, we share additional resources from The Law Firm of Kavesh, Minor & Otis, Inc. Learn about estate planning, trust administration, and probate. -
Tips for Choosing a Senior Living Community by Belmont Village Tips for Choosing a Senior Living Community -
Summertime and the Living Was Easy Summertime and the Living Was Easy by Attorney Phil Kavesh One of a series of personal reflections upon growing up in small town America in the 60’s -
New Legislation Will Have A Big Impact On IRA Planning! New Legislation Will Have A Big Impact On IRA Planning! By Philip Kavesh The U.S. House of Representatives has recently passed the “SECURE” Act and it’s expected to soon be approved by the Senate and signed into law by the President. This new law will enhance the ability of workers to set aside, on a tax-advantaged basis, more money to fund their retirement. Good news! However, also buried in the Bill is a little-known provision that will accelerate and increase the taxation of inherited IRAs - - in order to pay for these new worker benefits! Not so good news! -
Are You Overpaying For Prescription Drugs? Whether you (or your parents) are a senior citizen, and even if you (or your parents) already have insurance coverage for prescription drugs, you’ll want to read on. My Mom’s Story... I’ll begin with a short but poignant story. Recently, I took over all my Mom’s affairs. At age 93, she is blessed with remarkably good health, but now her dementia has advanced to the stage where she is unable to manage her own affairs. Like it or not, statistics predict that most of us will someday face a “twilight period” like this when we can no longer adequately take care of ourselves (which is a major issue we address in a well-drafted estate plan). -
Would You Like to Pay MORE Income Taxes? You’re probably thinking, “Of course not!” However, sadly, you may in fact be paying more than you have to - - especially now that the President’s “Tax Cut and Jobs Act” has caused many Californians’ federal income taxes to go up in 2018. (If you haven’t filed your 2018 return yet, I’m sorry to inform you that you may be rudely awakenED when you do!) -
The Government Is Trying To Get Their Hands Into Your Pocket, Again! For some time now, most Californians have enjoyed freedom from estate, gift and inheritance taxes. Back in 1982, Californian voters approved Proposition 6, which amended the state constitution to prohibit such gift and “death” taxes. Recently, the federal government increased the “exemption” (the amount then can pass gift and estate tax free) to over $11 million for a single person and over $22 million for a married couple.
