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Family Law Legal Topics New Legal Developments

New Year, New Laws for Family Law Attorneys

thinkstockphotos-498422290The California legislature has enacted several new laws that may affect your family law practice. Here’s an overview of some of the key statutory changes you need to know about.

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Estate Planning New Legal Developments

Are You Ready for Roth IRA Conversions?

By Michael J. Jones

As of January 1, 2010, the well-to-do can take advantage of Roth IRA conversions.  The Tax Increase Prevention and Reconciliation Act of 2005 (Pub L 109-222, 120 Stat 345)  §512 eliminates the IRC §408A(c)(3)(B) provision prohibiting such conversions by taxpayers having adjusted gross income in excess of $100,000. Estate planners have a great deal to offer clients who wish to consider the move. After being funded with after-tax dollars, Roth IRAs offer tax-free, as opposed to tax-deferred, returns on investment.