Hess-Verdon & Associates PLC

Don't wait to update your estate! Avoid missing out on tax opportunities before the year-end.

Don't wait to update your estate! Avoid missing out on tax opportunities before the year-end.

Are you ready for your estate planning, but you keep delaying only because you are worried that everything you plan for will fall apart once the Tax Cuts and Jobs Act (TCJA) expires? Well, we have some great news for you: The Internal Revenue Service (IRS) confirmed on November 22, 2019 that making substantial gifts today, will not cause harm after 2025. That means taxpayers can now take advantage of making large gifts between 2018 and 2025 without losing the benefit of tax-free transfer. #estateplanning #hessverdon #advancedplanning #gifting #charitableplanning #charity #IRS #willsandtrust #newportbeach https://www.irs.gov//final-regulations-confirm-making-larg

Happy Thanksgiving!

Always a pleasure receiving thank you gifts from our valued clients! We are grateful for the opportunity to serve you!

#HessVerdon #InTheNews There's a lot to think about when owning your own #Business. How prepared are you? https://www.usnews.com//uncertainty-can-follow-grief-when-

#HessVerdon #InTheNews Check out the article in the New York Times: Some Succession Planning Basics Business Owners Need to Know https://www.nytimes.com//ap-us-smallbiz-succession-plannin Founder and Managing Partner Jillyn Hess-Verdon was recently quoted in an article on the New York Times regarding basic elements business owners need to consider when planning out the succession of their business. Succession planning is key for a small or family-owned business, as family ...members and/or business partners can end up fighting over the company in court, depleting the company's resources. If you haven’t thought about or planned what happens to your business when you’re gone, the time is now. Smooth transitions could take years to accomplish in some organizations. Even though the discussion of the future could be difficult or awkward, the alternative is to work through the handoff in a crisis atmosphere. To avoid a crisis, be sure to schedule a time to talk about your wishes and how you see the succession plan being played out.

In March of 2019, we held our annual Client Conference at the Fashion Island Hotel. We host these conference for our existing clients so we can keep our clients informed about current trends in estate planning and changes in tax laws, as well as alert you to certain pitfalls when it comes to Trusts & Estate planning.