Blog Posts by Acuña Regli

11/12/2020 | Acuña Regli

Proposition 19 Alert - Huge Parent to Child Property Tax Changes

Under current law, parents are able to pass low property tax assessments to their children in two ways:

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09/23/2017 | Acuña Regli

Estate Planning for Digital Assets

Long ago and far away, social media and digital assets did not exist. Now, everything from our friendships to our bank accounts are managed electronically. And, up til now, it has been a nightmare to navigate digital assets when someone has died or become incapacitated.

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09/22/2017 | Acuña Regli

Case Study: The One Hundred Million Dollar Farm

 Mike is a self-made man.  During the 1950s, he and his wife saw opportunities in California’s Central Valley to buy inexpensive farm land, and they did.  Throughout 1955 through the present day, they used every available dollar to buy additional land, houses, buildings, and any other type of real estate imaginable.  They farmed some of the land, developed some of the land, and rented out some of the land.  As time went on, they paid off all their mortgages and bought more land, all with cash.

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09/22/2017 | Acuña Regli

Case Study: 3 Children 1 Farmer

The Smith family has owned a farm in California’s Central Valley since the 1930s.  At the present time, John and Jane run the farm and are in their mid to late 60s.  They have three children; a son and two daughters.  However, only the youngest daughter and her husband are involved in farming.

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09/22/2017 | Acuña Regli

Drought Year Planning for Farmers

No one truly benefits from a drought. However, drought years are important reminders that there are business, tax, and estate planning opportunities that farmers, ranchers, and vineyard owners may have ignored during good years.

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09/22/2017 | Acuña Regli

What is a Qualified Disability Trust and Why Are They Important?

One of the difficulties in administering a special needs trust is that irrevocable trusts reporting on Form 1041 have a lower personal exemption than individuals.  Normally, the personal exemption is limited to only $100 or $300.  However, if a trust is a Qualified Disability Trust (“QDT”), the personal exemption in 2013 is $3,900.

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09/22/2017 | Acuña Regli

Free Housing for Farm and Vineyard Owners

Many writers have discussed the need to organize vineyards and wineries as separate, but commonly owned limited liability companies.  The benefits are obvious.

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09/22/2017 | Acuña Regli

Estate Planning with a $5 Million+ Exemption Equivalent

During 2012, every news story was about the “fiscal cliff.”  The $5,000,000.00 estate tax exemption was scheduled to end on January 1, 2013, and an individual would only be able to give $1,000,000.00 estate tax free to their loved ones.

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09/22/2017 | Acuña Regli

Now That the Estate Tax Limit Is $5,000,000+, Do I Still Need an A-B Living Trust?

Attorneys are always asked, “When we could only give $600,000.00 estate tax free to our kids, do I still need an A-B living trust now that the tax-free limit is $5,000,000.00?”

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09/22/2017 | Acuña Regli

How to Win a Property Tax Reassessment Appeal

Both residential and commercial properties are routinely reassessed under certain conditions.  Many have tangled with the local tax assessor over reassessments and many have lost.  But Acuña ❖ Regli has had repeated success with our approach to winning property tax reassessment appeals.

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09/22/2017 | Acuña Regli

When Should I Call a Lawyer?

It seems that attorneys are more feared than death, taxes, or public speaking.  However, good attorneys can be found and attorneys’ fees are much lower when culinary professionals consult with them before things go completely wrong.

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09/22/2017 | Acuña Regli

Five Steps to Take to Save Your Home from Foreclosure

1. Open your mail. It is hard to read a Notice of Default or a Notice of Sale, but you cannot ignore them.

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09/22/2017 | Acuña Regli

How to Save Your Home from Foreclosure

Many people faced with a possible mortgage foreclosure give up all hope, even if they have been victimized by unscrupulous lenders, mortgage brokers, or family members. Others fall victim to further scams by companies who claim they can stop a foreclosure. However, there are legitimate, legal ways to avoid a foreclosure or to save some – or all – of the equity in your home.

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09/22/2017 | Acuña Regli

A Tale of Three Houses

The mortgage meltdown has left many clients in shock, or worse.  Do-it-yourself books, document preparers, debt reduction services, and attorneys all promise frightened homeowners an immediate fix for all of their financial problems.  However, are bankruptcies and debt reduction services appropriate for our clients?

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09/22/2017 | Acuña Regli

Case Study: The Tax Saving Team

The Jones family dreamed of owning a California vineyard.  For years, they watched newspapers and websites, dreaming about property which they might someday afford in Temecula, Paso Robles, the Livermore Valley, and the Sierra foothills.  When they saw “THE PLACE”, three generations pooled their money and purchased vineyard land and an adjoining homesite parcel.

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09/21/2017 | Acuña Regli

LIFO, FIFO, and the Weighted Average

Simply stated, there are two basic accounting systems used in the United States: Cash and Accrual.  The Cash Method of accounting recognizes income and expense when they are actually incurred.  The Accrual Method attempts to tie the cost of producing goods with the sales of those goods.  For example:

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10/07/2016 | Acuña Regli

Joint Tenancy – Eight Reasons Why Owning Property with Someone Else Is A Bad Idea

People often own property with someone else: a spouse, relative, or friend. Co-ownership generally takes the legal form known as “joint tenancy”. It means that when one of you dies, the other joint tenant immediately owns all of the property.

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