When someone has changed a will or trust just a few years before they pass away, this can lead to an accusation that someone has used a position of confidence or authority in order to take unfair advantage. Undue influence is the legal term used to describe this situation. Undue influence often arises with a husband and wife who have been married for several decades, built a family, own a […]
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Kevin J. Moore recently spoke to Provisors Pasadena II group about the ABC’s of living trusts. He discussed the estate tax law changes that became effective in 2011 and how that necessitated changes in the structure of living trusts post-2011. Living trusts are now structured in new ways. Under pre-2011 estate tax law, you may have created a B Trust, or an A,B,C, Trust, now there is more of a […]
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The Supreme Court ruled in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust that a state does not have the authority to tax a trust’s undistributed income solely because the beneficiary resides in that state. This case potentially had far reaching implications if the unanimous decision was ruled in favor of North Carolina. States often seek new avenues of revenue through taxation but The Kimberley Rice […]
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Last Saturday, Kevin J. Moore spoke at the Chinese American CPA Association 2019 Professional Expo. This organization offers professional services such as taxation, accounting, law, wealth management, and insurance to Chinese American members. Kevin J. Moore, Pasadena Magazine’s 2019 Top Estate Planning Attorney, was invited to give a presentation on recurring estate and gift tax issues for non-resident Chinese investors who invest in U.S. real estate. There are 16 countries […]
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Kevin J. Moore was named 2019 Top Attorney in Pasadena Magazine. The Pasadena Magazine 2019 Top Attorney’s List is based on an online peer review survey sent out to practicing attorneys in the Pasadena area. To be recognized by peers as the leading estate planning attorney in Pasadena is a tremendous honor. Pick up a copy of the March 2019 issue today!
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In September of 2018, the California Legislature enacted the Uniform Trust Decanting Act. Decanting is defined as the ability of someone to distribute property from an irrevocable trust (“the first trust”) to one or more second trusts or to modify the terms of the first trust without the consent of the beneficiaries of the first trust or approval of the court. California’s new decanting statute is highly technical, replete with […]
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Today Kevin J. Moore, invited by Clare Ceplecha and Stephen Miyabe, gave a presentation on California’s new Decanting Statute to Wells Fargo’s Wealth Management & Fiduciary Services team.
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Estate and tax planning — it’s a subject many people like to avoid. That’s often because they think that estate planning is about two topics they’d rather not focus on: death and taxes. For some people, estate and tax planning is about something even more ominous: death, taxes and math. There is, however, another way to look at estate and tax planning. Beyond the details it’s about doing something that […]
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Paralegal Zye Acuna discovered her passion for justice at a young age. Somewhere between eight years playing flute in the school band and two years on the drumline in her hometown of Chino Hills, Zye connected with an innate sense of fairness and a deep respect for doing the right thing. A career in the legal field seemed a natural fit for her. With a degree in political science and […]
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Creating a living trust is one of the most effective ways to set up the smooth transfer of assets from one generation to another, avoid the time and cost of the probate administration process, and eliminate or reduce certain tax burdens. Setting up a living trust, however, doesn’t avoid the process of trust administration. But what exactly is trust administration? Broadly speaking, it’s the process by which the assets of a trust […]
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