LKA is leading the fight against Alzheimer's! Join our efforts by donating to the cause! Learn more

Litherland, Kennedy & Associates, APC, Attorneys at Law

Helping Families Preserve Their Wealth and Legacy

Connect with us today
(408) 356-9200

Home / Archives for Taxes

Repeal the Death Tax Act Initiative (VIDEO)

Real Property, Real Property Videos, California Proposition 19, Property Tax

In this Vlog, Attorney Justin M. Kennedy discusses the Repeal the Death Tax Act Initiative. This video was published on 4/12/22. Please note that this initiative did not receive enough signatures to make the November 2022 ballot  You can view the fact sheet on the Repeal the Death Act Initiative here. … [Read more...] about Repeal the Death Tax Act Initiative (VIDEO)

Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More

New Tax Law Proposals 2021, Legal Education, Estate Tax, Taxes, Estate Planning

Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. The Heckerling conference in Estate Planning is the country’s largest professional gathering in Estate Planning. The conference examines many areas of interest to Estate Planning and Elder Law professionals. It pays particular attention to items of current interest. Last year’s conference was in January 2020, shortly before the beginning of the COVID-19 pandemic. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More

California’s Proposition 19 Ballot Initiative (VIDEO)

Real Property, Property Tax, Taxes, General

In this Vlog, Attorney Justin M. Kennedy discusses Proposition 19 which is on the November 3, 2020 ballot. Please note that our office is non-political and we will not express an opinion as to whether you should vote for or against the proposition. This vlog is to provide information about Proposition 19 and how if it is approved by the California voters, it would impact our clients and their estate plans. Proposition 19 is the Property Tax Transfers, Exemptions, and Revenue for Wildfire … [Read more...] about California’s Proposition 19 Ballot Initiative (VIDEO)

California’s Proposition 13 (VIDEO)

Estate Planning, Property Tax, Taxes, Estate Planning, General

In this vlog, Attorney Justin M. Kennedy discusses California's Proposition 13. Litherland, Kennedy & Associates, APC, Attorneys at Law are members of the American Academy of Estate Planning Attorneys.  If you would like to learn more about the importance of estate planning, we invite you to attend one of our free estate planning webinars. … [Read more...] about California’s Proposition 13 (VIDEO)

New Estate Tax Proposal

Legal Education, Estate Tax, Taxes, Estate Planning

Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. A new proposal regarding estate taxes has been introduced in the U.S. Senate. S.B. 309, the “For the 99.8% Act,” is sponsored by Senator Bernie Sanders (I-VT). The bill would exempt the first $3.5 million of an individual’s estate from estate taxation. (Under current law, the exemption is $5 million, doubled to $10 million through 2025, and is adjusted for … [Read more...] about New Estate Tax Proposal

New Tax Proposals

Legal Education, Taxes, Estate Planning

Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. Representative Alexandria Ocasio-Cortez (D-NY), one of the new class of legislators in the House of Representatives, has suggested the rate of income taxation for high-earners be raised. She is suggesting a top rate for those making over $10 million per year be increased to 60% or 70%. She’s suggesting the proceeds could be used for a “Green New Deal” or other … [Read more...] about New Tax Proposals