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“Why 2 + 2 is greater than 4”

And what a year it has been! Sonam turned 1 this past weekend and it marks a full turn around the sun for all of us.  Our baby girl is walking, talking and getting ready for Dodgers baseball!  At this time last year, Sonam’s birth coincided with the Dodgers making the World Series, and here…

GDPR – How Data Protection Has Changed

Touted as one of the most important changes regarding data privacy protections in the last 20 years, the General Data Protection Regulation (GDPR) went into effect on May 25th, 2018 for the entirety of all 28 member states of the European Union (EU). The goal of the GDPR is protection for all EU citizens from…

Love, Marriage, & When to Update Your Estate Plan

Whether having recently married or you’re about to take the plunge, you more than likely have a lot on your mind. Wedding plans, family plans, and an entire lifetime together to think about. However, one thing you may not be thinking about is how your new marriage can and most certainly will affect your current…

Raising Money for your Startup: An Overview of Reg D Exemptions

Any startup, be it a small family business or an endeavor into Silicon Valley, needs funding. They also have an understandable desire to raise their needed capital with as few legal hurdles as possible. The problem is that startup fundraising is a particularly regulated process that requires companies to be in compliance with the Securities…

The Legal Steps Necessary to Franchise Your Business

If you’re like many business owners, you have likely imagined your company becoming a household name. One way to do this would be to franchise your business model, allowing third parties to operate and expand your established business into new markets while utilizing their own capital and supervisory efforts. To reach that level of success…

The Opportunity of a Lifetime, Literally…

If you or your spouse are over 55 years old, there might be some big tax concerns you have when it comes to moving.  First, you’re worried about the large tax on capital gains. (But maybe you qualify for the $250K/$500K home sale exclusion).  Second, you probably bought your home at a lower price and if…

“I’m All Growed Up!”

As of this past January, Jiya has revolved around the Sun 3 times and Sonam already a quarter turn.  As Jiya aptly says, “I growed up, Papa.”  Recently, she’s been asking how old I am, and when she hears me repeat a number that’s higher than what she can count to (currently she tops at…

The Best and Worst Way to Own Your Property

PRIMARY HOMES If you are married and own a primary home, chances are you own it as either “joint tenants” (JT) or “community property with rights of survivorship” (CPWROS). Both are forms of joint ownership, so is there a difference? Oh yes!  A big difference. In California, you get what’s called a “step-up in basis”…

How Step-Up in Basis Works

Should you hold appreciated assets in community property or joint tenancy?  That depends if you live in a community property state like California. If so, let’s start with the following assumptions: You bought land as an investment in 2000 for $40,000.  This is called your BASIS. Today, in 2018, it’s worth $220,000. Capital Gains If you…

The 2018 Tax Bill and what it Means for Estate Planning

BACKGROUND: There can be many reasons why you need a trust – but here are 2 of the most common. The first reason is to avoid probate. Probate is a court process that occurs after you die when you don’t have a trust, when your home, bank accounts, and all other assets will be held by…

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