The Advisor Video

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8 06, 2017

Plan the Orderly Transition of Your Estate

By | June 8th, 2017|News, The Advisor, The Advisor Video|Comments Off on Plan the Orderly Transition of Your Estate

President Trump’s recently released 2017 Tax Reform for Economic Growth and American Jobs seeks to do away with federal estate taxes, or what many refer to as the “death tax.” With current exemptions for estates valued at less than $5.49 million ($10.9 million for married couples), however, the death of the death tax hardly matters [...]

13 12, 2016

ADR to the Rescue

By | December 13th, 2016|News, The Advisor, The Advisor Video|Comments Off on ADR to the Rescue

“ADR” is the acronym for Alternative Dispute Resolution -- usually mediation and/or binding arbitration as a means of resolving legal disputes.  BFAS has been promoting ADR instead of litigation, especially in the employment law arena, for years. Now, however, we are convinced that ADR has become an essential ingredient of any well-run business.  I can [...]

18 11, 2016

California Marijuana Legalization: A Goldilocks Moment for the Pot Business?

By | November 18th, 2016|News, The Advisor, The Advisor Video|Comments Off on California Marijuana Legalization: A Goldilocks Moment for the Pot Business?

November 2016 Twenty years ago, California voters were the first to decriminalize the use of medical marijuana. Tuesday, those voters approved Proposition 64, making California the largest single market for “legal” recreational marijuana use in the United States. With certification of that vote by the Secretary of State, the Adult Use of Marijuana Act will [...]

11 10, 2016

IRS Continues to Move Forward with Changes to Limit the Tax Benefits of Family Controlled Entities

By | October 11th, 2016|News, The Advisor, The Advisor Video|Comments Off on IRS Continues to Move Forward with Changes to Limit the Tax Benefits of Family Controlled Entities

Family controlled entities, which often take the form of a limited partnership or limited liability company, (FLP) are useful estate planning tools to help consolidate the ownership of multiple assets into one or more investment entities. The FLP is treated as disregarded a entity for income tax purposes and also provides estate tax advantages by [...]