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Capitalizing the FLP
Both the IRS and California State Board of Equalization (“SBE”) have certain exemptions amounts which impacts parent(s) making gifts to their children of real property interest. Parents often want to make gifts to their children for many different reasons during their lifetime. Naturally, parents want to do this transfer at the least cost to them. Read more...How Falling Interest Rates &
Assets Values Affect Tax and Estate Planning
I attended the USC Tax Institute last month. One of the major themes dealt with certain types of favorable tax planning options during the current economic downturn. The planning was based upon two principles. More...
Asset protection
Does an individual’s asset protection planning also mean that his or her business is protected? The answer is no. Sorry, there simply is no silver bullet for everything. Read more...Planning Through Turmoil
Difficult business economic times can lead to hard decisions by a business owner. With economic problems growing, you might be inclined to contract your business. Unfortunately, there are a myriad of issues and problems with this seemingly simple task. Make sure the pill is not worse than the disease. Read more...Long Beach Business & Tax Law Firm
D. Michael Trainotti is a AV Rated Lawyer. Our firm handles legal matters in the following practice areas: Real Estate, Estate Planning, Taxation, Trusts and Estates, Estate Litigation, Wills and Probate, Income Tax, Property Tax, Corporation Law, Partnership Law, Limited Liability Company Law, Business Law and Business Formation.
A Typical Client Testimonial:
"Mike Trainotti has been the general corporate counsel for Bechler Corp. since 1998. He has been very involved, as a team member, with management regarding the leasing and sale of the company’s 1,000,000 square feet of industrial properties. He has a very good knowledge of different approaches for the sale of property and the income tax consequence. He attends all the board and shareholder meetings concerning both the legal and tax impact of both the current and strategic company planning. He keeps us out of trouble."
Richard Bechler,
Chairman of the Board
President: Bechler Corp
D. Michael Trainotti
Tax Law Specialist
Mike has more than 30 years of experience as a tax law specialist. Hereceived his J.D. from Southwestern University School of Law in 1973,and his M.S. in Taxation from Gold Gate University in 1983. Mike is amember of the State Bar of California, Tax Sections, Estate Planning,Real Estate, and Pass Through Entities. He is also a member of theAmerican Bar Association, the Los Angeles County Bar Association, andthe Estate Planning Council of Long Beach. More on Mike...
Practice Areas : Business Law, Estate Planning, Real State Law, Tax Law
Jurisdictions: California - Admitted in 1974 (34 years)Look Who's Talking
"Michael Trainotti has been representing three generations of the Walker Family since 1992. During that time he has helped the Walker Family achieve its goal for the multi-generational transfer of key family wealth to Walker generations at a minimum transfer tax cost. He has an excellent understanding of preserving family wealth dealing with both closely held assets and real estate. He is always on the leading edge of various types of tax planning matters and business entity selection. Mike understands very clearly the economics of assets and how to apply them to a proper legal structure."
Daniel K. Walker
Chairman of the Board, Farmers & Merchants Bank;
President, Farmers & Merchants Trust Company of Long Beach
Call me (562) 590-8621, or fill in our quick contact form above with details ofyour issue.
We write many articles, some can be found at APARTMENT MANAGEMENT MAGAZINE.
We are here to protect and preserve your wealth!