The Kovel Letter is a powerful legal tool that extends attorney-client privilege to communications with accountants. Learn how this agreement protects sensitive information in tax and trust administration cases, ensuring that your legal and financial strategies remain confidential.

Explore the stark differences in the 2024 tax policy platforms of the Democratic and Republican parties. From estate taxes to capital gains, 1031 exchanges, and the Child Tax Credit, this article offers an in-depth look at how these policies could impact estate planning and wealth management for high-net-worth individuals.

The 2024 Republican platform focuses on reducing taxes and promoting economic growth through measures like extending the Trump Tax Cuts, preserving the stepped-up basis, and supporting 1031 exchanges. This blog explores how a Trump-Vance administration could impact estate taxes, capital gains, and generational wealth.

The 2024 Democratic Party platform is heavily focused on tax reform, particularly in the areas of estate taxes, capital gains, and wealth transfer. This article explores the party's key proposals on estate taxes, the stepped-up basis, and 1031 Exchanges, and what these changes mean for estate planning and wealth management.

Explore the benefits of Crummey Trusts in protecting and growing your family's wealth. Learn how these trusts work, their tax advantages, and strategies for maximizing their potential in estate planning.

Explore the potential changes to U.S. income, estate, and gift taxes as proposed in Project 2025. Learn how these changes, if enacted, could impact tax brackets, exemptions, and rates, particularly for middle-income families and high-net-worth individuals.

Explore the inheritance rights of illegitimate children under California law. Learn how California Probate Code ensures equal rights and how to effectively manage your estate to prevent disputes.

Attorney Andrew Bethel explores California's new mansion tax, which imposes additional transfer taxes on high-end real estate transactions. Discover how this impacts property owners, real estate agents, and the broader market. Learn about the Taxpayer Protection Act, which could affect the mansion tax's future, and get advice on navigating California's complex tax landscape.

IRS Notice 2024-35 offers relief from Required Minimum Distributions (RMDs) for inherited IRAs in 2024, providing a temporary reprieve from the SECURE Act's 10-year rule. Learn how this affects estate planning and discover strategic approaches for managing personal and inherited IRA distributions to minimize your tax burden.

Attorney Andrew Bethel from Bethel Law answers common questions about California's property tax laws, Proposition 19, and property transfers. Learn about the impact of Accessory Dwelling Units (ADUs), joint tenancy, and sibling-to-sibling transfers on property reassessments. Get practical advice on minimizing capital gains taxes and understanding tax benefits for disabled veterans.