Archive for July 16, 2015

A DUI conviction in California can result in a number of severe penalties including hefty fines and a mandatory jail sentence. If you are one of thousands of Californians who have a prior drinking conviction, the stakes can be even higher. A second DUI offense in California can result in much harsher punishment than a first offense under the state’s mandatory sentencing guidelines. If you have been convicted of a DUI within a 10-year period, you will be classified as a “repeat DUI offender.”

Severe Consequences

You can face several serious consequences

For years, married couples have used AB trusts to maximize the amount of assets they pass to their heirs free of estate tax.  When the estate tax exemption amount was only $2,000,000 per person several years ago, an AB trust arrangement was necessary just to pass $4,000,000 to heirs fee of estate tax.

With the estate tax exemption amount now over $11,400,000 per person and with surviving spouses allowed to use the “unused” portion of the tax exemption from the deceased spouse, is there any reason to use AB trusts if