Today the California Supreme Court, acting on a request by the Ninth District Court of Appeals, held that the proponents of a ballot initiative have standing to support the measure in court when State officials decline to do so. The underlying case? A complaint filed in federal court against the constitutionality of Proposition 8, the… Read More


Let’s talk about gift taxes! Under IRC Section 2503(b), the first $13,000 (plus cost of living adjustments) of gifts to any person, other than gifts of future interests in property, made during a calendar year are not included in the total amount of gifts made during the year. There is no limit to the number… Read More