Shareholder Andrew Verriere highlights Governor Newsom’s recently signed AB 1194, which expands the protections for conservatees and proposed conservatees in California. Among other things, (1) their attorneys are required to serve as advocates rather than advising the court on the attorney’s perception of what is in the conservatee’s or proposed conservatee’s best interests, (2) they can select their own counsel, and (3) provides for investigation of alleged abuse by fiduciaries with increased penalties for those found liable.
You can find a short update on the statute at Bloomberg Tax.
Shareholder Andrew Verriere highlights Governor Newsom's recently signed AB 1194, which expands the [..]
Many IRA owners withdraw funds from their IRA accounts for short-term purposes. The owner then uses subsequent income to restore funds to the IRA. If the restored contribution is made within sixty days of the withdrawal, the withdrawal may be tax-free.
In his article for The Recorder, Principal John Hartog examines the recent passage of Proposition 19 and its tax implications.