Avoiding Probate Hassles with a Heggstad Petition Creating a living trust allows a person to control their assets while still alive, and to then distribute such assets upon their death to the people or organizations selected beforehand, thereby avoiding probate. But what happens when an asset that should have been included in a living trust,
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Estate Planning with Cryptocurrency
Estate Planning with Cryptocurrency Estate planning with cryptocurrency can quickly devolve into a futile treasure hunt. However, it does not have to be that way. Careful planning can turn a wild goose chase into an orderly process with minimal surprises. Estate planning with cryptocurrency requires a more deliberate process than other types of estate planning
NFTs and Taxes
NFTs and Taxes NFTs, short for Non-Fungible Tokens, have become a hot commodity. Built on the same style of blockchain networks that power cryptocurrencies like Ethereum and Bitcoin, NFTs are unique pieces of virtual art that are easy to buy and sell. What is substantially less easy, though, is understanding NFTs and taxes. Indeed, at
Filing Bankruptcy While Unemployed
Filing Bankruptcy While Unemployed The last few years have been economically challenging to say the least. Jobs were lost, stimulus payments have stopped, and savings have dwindled leaving many individuals to rely on credit cards to make ends meet. After a period of unemployment, many come to realize that a bankruptcy may be needed to
File Bankruptcy to Stop a Wage Garnishment
Wage Garnishment Formally known as an Earnings Withholding Order, or EWO for short, a wage garnishment can seriously affect a debtor’s ability to maintain a minimal standard of living sufficient to pay for necessities like food and housing. That is because a wage garnishment typically takes a 25% chunk out of a debtor’s paycheck. Fortunately,
3 Things Employers and Employees Should Know About Retaliation Claims
Retaliation Claims While the word retaliation has broad meaning in everyday language, when it is used in relation to employment law it has a specific meaning. Here are 3 things every employer and employees should know about retaliation claims in California. In order to establish a claim of workplace retaliation, the following elements need to
International Tax Law for Non-Profits
International Tax Law In today’s economic climate non-profit organizations are looking globally to support continuing operations. However, in doing so, non-profits need to understand applicable international tax law and ensure compliance with applicable federal tax laws and IRS guidelines. This is especially important in cities like San Diego where non-profits may have operations in both
Are Court Settlements Taxed in California?
Are Court Settlements Taxed Often, personal injury settlements only come after an extended period of physical and emotional suffering. The first question people usually want answered when considering a lawsuit is, “Are Court Settlements Taxed in California? Here are answers . . .Once a personal injury case settles, plaintiffs understandably want to collect their rightful
How to Declare the Child Tax Credit on Tax Returns
How to Declare the Child Tax Credit In 2021 families across the country received advanced payments from the federal government in advance of the Child Tax Credits. Now parents filing tax returns want to know how to declare the child tax credit on tax returns on their annual tax returns. Here are some pointers to
Does Bankruptcy Clear Tax Debt in California
Does Bankruptcy Clear Tax Debt Individuals and businesses facing financial peril want to know, does bankruptcy clear tax debt in California? Those considering bankruptcy are typically dealing with severe financial stress which resulted from distinct types of debt and financial burdens. Will filing for bankruptcy put you back on the right financial track? Is Bankruptcy