Eric M. K. Wong, Attorney at Law, a Law Corporation

10/27/2021

Inheritance can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped-up cost basis. … Continue reading → The post Capital Gains o...

08/25/2021

Have you set your FB Legacy Contact?

08/25/2021

Who will be your Legacy Contact?

Since my last column ran, my wife and mother passed away. As a husband and son, I’m devastated. But as your friendly neighborhood technologist, I hope to bring you some hard-won wisdom that can help you today, and help the people who love you tomorro...

08/09/2021

The wealthy are borrowing more than ever, using low-interest loans backed by their investments in a strategy known as “buy, borrow, die.”

08/04/2021

🤔

06/19/2021

There's one group of borrowers that can count themselves as 'lucky' during periods of inflation.

06/14/2021

"It depends on their personal goals, tax situation and current financial needs, as well as the financial needs and tax situation of their heirs."

Is it better to help your children when you’re still alive? Or wait until after you die?

06/02/2021

An easy to understand summary of Estate and Inheritance taxes, Federal and State...

A detailed look at the list of states with no estate tax and no inheritance tax. Most states in America have no estate tax.

05/31/2021

No specifics . . .

Wealthy Americans are asking the same question right now: how to prepare their portfolios for what could be the highest capital-gains tax rate in decades. Here are some answers.

03/24/2021

The CDC and other health experts offer 10 tips on life after vaccination, including what to do about masks, antibody tests and vaccination cards.

03/16/2021

Possible Estate Tax changes being discussed.

Are higher state estate taxes in your future?

03/09/2021

"Trump has made - and continues to make - false claims that the Nov. 3 presidential election was stolen from him through widespread voting fraud and irregularities. Republicans are now seizing on those same unsubstantiated allegations in an effort to impose new voting restrictions in numerous states."

In the end, the Supreme Court didn’t give Donald Trump any victories relating to his false election claims. The court’s decision was unanimous. Trump-appointed justices didn’t even humor him.