Channel Islands Fiduciary Group Blog
Here you will find links to timely and informative articles, and information about relevant local events and services.
Social Security Fairness Act signed into law
"President Biden signed the federal Social Security Fairness Act (H.R. 82) into law on Sunday, January 5, 2025, impacting many CalSTRS members. H.R. 82 eliminates the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP), two federal rules that reduced Social Security payments for workers eligible for public pensions based on work not covered by…
How a Living Trust Impacts Your Taxes
For many of us, it's the time of year for reflecting, making resolutions and setting goals. This process may inspire some of us to craft an estate plan for the first time, or to update an existing estate plan. Less inspirationally, it is also the time of year most of us are amassing tax documents.…
Access retirement funds in a disaster
"The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was in a major disaster area and they sustained an economic loss…
Tax Planning Resource
"IRS-certified volunteers can help their community during tax season Every filing season, IRS-certified volunteers help qualified individuals file federal tax returns. Anyone who wants to make a difference in their community can help by volunteering with the Volunteer Income Tax Assistance or Tax Counseling for the Elderly Programs. Volunteering is easy and convenient The IRS encourages anyone…
Contacted about a long-lost relative’s inheritance? Hold on a minute!
"The FTC has been getting reports of people getting letters in the mail from a law firm. They are, they say, looking for the heir of a multi-million-dollar inheritance. And they think it might be you. (Spoiler alert: it’s not.) Here’s what they offer: they’ll split the inheritance between you, their law firm, and some…
Keep personal information safe under digital lock and key
Hello and happy late Fall! We've recently found some IRS Tax Tips to be very informative, and will be sharing here with you. So, first up, please find more information on protecting your personal information digitally here: https://www.irs.gov/newsroom/keep-personal-information-safe-under-digital-lock-and-key
Come Join us for the 2024 Santa Barbara Senior Expo!
Each year in October, we are excited to be part of this amazing event. Please stop by our booth and say hello next Thursday, October 17th - we'd love to see you!
CIFG Fee Schedule
Hello valued clients and potential clients. Please find a copy of our Fee Schedule here. We hope you are yours are all well.
Planning for your Pet in a Trust
Those of us who think of our companion animals as family members are becoming aware of the fact that part of our responsibility to these dependent creatures is to make sure that their care and comfort continue uninterrupted should we become incapable of caring for them ourselves. One way to plan for that contingency is…