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.

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.