New Tax Law Enhances Benefits of Alimony Trust
There are other strategies to take advantage of favorable tax treatment in divorce. A legal structure termed an "alimony trust" captures some key tax benefits. While also delivering other advantages to ex-spouses and their children.Senate Bill Proposes California Estate
According to a news release from the office of Senator Scott Wiener (D-San Francisco), the proposed legislation is modeled on the federal estate tax but would lower the exemption rate to $3.5 million, which is lower than the federal estate tax exemption. Senator Wiener introduced Senate Bill 378 at the end of March. If the bill is passed, it would result in a special fund designed to improve socioeconomic equality in the state.California Appeals Court Reverses Order to Liquidate a Trust
On January 31st, 2019, California’s Sixth District Court of Appeals reversed a lower court’s decision that ordered the liquidation of a family trust.