Client Memo – Work Sharing Program
This program was established by the California legislature as an alternative to layoffs by minimizing or eliminating the need for layoffs and the accompanying hardships for affected employees. What are the benefits? During a temporary slowdown of the business, if the affected employees are retained instead of being laid off, employers can spare the expense […]
Client Memo – Qualified Personal Residence Trust
What is a QPRT? It’s an irrevocable grantor trust that is formed to own your principal residence or vacation home (the “Residence”) and transfer its ownership to the ultimate beneficiaries when the trust term ends. This is commonly used as an effective method of transferring wealth to the next generation at a discounted value in […]
