Articles Posted in California Taxes

How Our Expanded Compassionate Allowances Program
The Law Offices of James L. Arrasmith

Helps People with Severe Disabilities | SSA The Social Security Administration (SSA) has expanded its Compassionate Allowances program. This program helps people with severe disabilities get approval for disability benefits more quickly. By expanding the program, the SSA can now fast-track claims for more serious medical conditions. This means people with those conditions can get…

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Living Trust vs. Will: Key Differences
The Law Offices of James L. Arrasmith

In the complex world of estate planning, the decision between establishing a living trust and crafting a will stands paramount. These two distinct paths offer different protections and provisions for how your assets will be handled after your demise. While they can sometimes work concurrently, understanding the unique characteristics of both will and living trust…

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How to Write a Will
The Law Offices of James L. Arrasmith

Writing a will is a fundamental step in estate planning, ensuring that your wishes are carried out and your loved ones are provided for after your passing. This comprehensive guide will walk you through the essential steps and considerations involved in creating a will. Whether you’re planning to draft a simple will to designate beneficiaries…

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Divorce Assets List: An Overview
The Law Offices of James L. Arrasmith

Dividing assets during a divorce can be a complicated process. Spouses must determine which assets are considered separate property, which is marital or community property that must be divided, and the value of all marital assets. Having a comprehensive divorce asset list is crucial for navigating this complex financial split. What is Separate Property Separate…

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The Critical Role of Forensic Accounting in Divorce Cases
The Law Offices of James L. Arrasmith

Divorce can be an emotionally and financially complex time. When assets and incomes are opaque or disputed, forensic accounting services are invaluable. Forensic accountants can unravel financial puzzles to provide clarity on the marital estate. Their analysis informs high-stakes divorce decisions related to asset division, alimony, etc. Tracing and Valuing Assets with Forensic Accountants A…

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Securing Your Future: Estate Planning Process
The Law Offices of James L. Arrasmith

A Comprehensive Guide to Trust Fund Establishment and Management In a world of uncertainties, taking control of your financial future is more critical than ever before. Our comprehensive guide to trust fund establishment and management is designed to be your navigational compass in this complex landscape. Whether you’re pondering on the intricate processes of funding…

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Navigating Complex Asset Division in High Net Worth Divorce
The Law Offices of James L. Arrasmith

For couples with millions in combined assets, or high net-worth individuals, going through a divorce and dividing marital property equitably can be an incredibly complicated process. From vacation homes to business investments to luxury vehicles, parsing out who gets what requires strategy and a thorough examination of all assets. This article will explore the key…

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California “Shoplifting” Laws & Penalties
The Law Offices of James L. Arrasmith

What is Shoplifting in California? Shoplifting, a form of petty theft, is a common yet serious offense in California. Under California Penal Code 459.5 PC, shoplifting is defined as entering a commercial business during regular business hours with the intent to steal retail merchandise worth $950 or less. It is a misdemeanor crime punishable by…

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California Public Records Act | Public Records Request
The Law Offices of James L. Arrasmith

The California Public Records Act (CPRA) provides individuals the right to access public records held by state and local agencies. Enacted in 1968, the CPRA aims to foster transparency and help the public stay informed about government activities. This article explains how to leverage public records requests to get information under the CPRA. Making Public…

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California Revocable Living Trust “Ultimate Guide”
The Law Offices of James L. Arrasmith

Revocable California Living Trust A revocable living trust, also known as a revocable trust or inter vivos trust, can be an essential component of an estate plan for California residents. It allows you to transfer ownership of your assets to the trust during your lifetime, retain control over those assets as the trustee, and ensure…

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