How Grandparents Helped Humans Evolve

Q. Any thoughts for Grandparents Day, which this year is September 12, 2021? A. Yes. How about this: Archaeological evidence strongly suggests that increasing lifespans, which permitted the creation of an older generation (“grandparents”), played a key role in our evolutionary success. Indeed, this phenomenon may account for why we, as Homo sapiens, replaced archaic… Read More »

How the $1.9 Trillion ‘American Rescue Plan Act’ Will Help Seniors

Q, I know that Congress and President Biden recently approved a new law that adds significant money into improving vaccinations and other COVID-19 outreach, but I wonder what other provisions are in the new law that might help seniors. A. Good question. The AMERICAN RESCUE PLAN ACT of 2021 (“ARPA”), R. 1319, was narrowly passed… Read More »

What Are CUTMA Accounts?

Q.  As a grandparent, I keep hearing about CUTMA accounts, usually in discussions about gifts to grandchildren. What are they, actually? A. CUTMA is an abbreviation for “California Uniform Transfers to Minors Act” and, as you surmise, it refers to gifts made to minors. Minors cannot own property in their own name, as the law… Read More »

Tax Savvy Year-End Gifts

Q.  My wife and I are considering making large gifts to our two children and four grandchildren, and we would like to do so in a way that is “tax wise”.  Do you have any advice for us?   A. Yes. Many people mistakenly believe that you cannot gift more than $14,000 per year without… Read More »

Novel Gift Idea For The Graduate

Q.  Our grandson is graduating college and we would like to get him a gift which recognizes the beginning of his adult life and career.  We thought of something of a “legal” nature and wondered if you have any ideas?  A.  Great thought and indeed I do.  Why not arrange through your attorney to provide… Read More »