Articles

Special Tax Election Now Available for Spouses Under Revenue Procedure 2016-49

by Lilian H. Walden Esq.

Effective September 27, 2016, the IRS will now permit a special tax election for surviving spouses (known as a QTIP election).  This will apply even  when it is not necessary to reduce the estate tax liability to zero upon the death of the first spouse, pursuant to Revenue Procedure 2016-49.  Prior to this point, there was some uncertainty over whether or not with the new portability rules, a QTIP election…

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From The Beach Reporter News, “Athlete’s Touch takes lessons of sports and puts them in business”

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Manhattan Beach resident Justin Blaine grew up in a family that valued strong relationships. Raised in West Lake Village, he watched his dynamic father create a vibrant career built on strong networking and mentors.

Davis Blaine founded a successful California networking group, and Justin learned from example, forging a similar but distinct path of his own—as a baseball player, investment analyst and co-founder of Athlete’s Touch,…

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Philip A. Toomey to Speak at Public Employers Labor Relations Association of California 2016 State Conference.

San Diego, CA – Phil Toomey, Partner of El Segundo based law firm Carico Johnson & Toomey LLP will speak at this year’s Public Employers Labor Relations Association of California (PELRAC) annual conference.  Mr. Toomey will be speaking on Investigation/Discipline – practical steps to plan, conduct, conclude, document and defend an investigation.  Also,  common pitfalls and issues that arise when investigating public employee misconduct employees.  Lastly, properly imposing discipline to reduce the possibility…

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Philip A. Toomey joins National Public Employment Labor Relations Academy Faculty

(September 16th, 2016) San Diego, CA – Phil Toomey, Partner of El Segundo based law firm Carico Johnson & Toomey LLP has joined the teaching faculty of NPELRA and will present on “The Foundation of Labor Relations” on September 27th, 2016. This certification course trains participants on the basic principles and practices of labor relations.  Mr. Toomey will present on Contract Enforcement and Arbitration, Grievance and Arbitration Clauses, and Comparative Approaches for Negotiations.

NPELRA’s…

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Christopher D. Carico Named to 2017 Best Lawyers® List

Christopher D. Carico

(August, 2016) – Carico Johnson Toomey LLP is pleased to announce that Christopher D. Carico has been named to the 2017 Edition of The Best Lawyers in America, the oldest and most respected peer-review publication in the legal profession.

Best Lawyers has published their list for over three decades, earning the respect of the profession, the media, and the public as the most reliable, unbiased source of legal referrals. Its first international list was published…

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Complying with the City of Los Angeles’s New Earthquake Retrofitting Laws

by S.V. Stuart Johnson Esq. | Partner  and Ryan Davis, Esq.

If you are a landlord in Los Angeles, you may have recently received a letter from the City of Los Angeles demanding you comply with vague earthquake retrofitting requirements.  The requirements may seem overwhelming.  But with a short review of the applicable law, one may determine whether the requirements apply, when one needs to comply with them, and how to comply.

On October 9, 2015,…

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Real Estate News: Expectation Must Be Spelled Out in Lease

by Philip A. Toomey | Partner

Most lease transactions are preceded by a letter of intent (LOI).  While LOI’s are a great starting point, normally they are nothing more than non-enforceable statements of what “might” happen in the future. Under most circumstances, a LOI may not counter or add language to a later executed written lease. Many a tenant has discovered reasonable, material and significant expectations, clearly written in the LOI but not in the…

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“When Two Consenting Parties Cannot Consent: Indemnification for Future Wrongful Conduct”

by William G. Benz | Partner

Indemnification provisions are so common that one would be hard-pressed to find a contract that lacks one.  While an indemnification provision may be hidden in an agreement as boilerplate fine print, it is often of critical importance long after the contract is signed.  But, indemnification can only be pushed so far.  Once it becomes so onerous that it encourages bad faith, California public policy will void the indemnification provision…

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2016 Estate Planning News

by Christopher D. Carico | Partner

Change in Tax Focus of Basic Estate Planning

The federal government’s recent adoption of “portability,” allowing the transfer of the deceased spouse’s estate tax exclusion to the surviving spouse, and the fixing of the maximum federal estate tax rate at 40%, has shifted the tax planning focus for estate planners from estate taxes planning to capital gains tax for couples with wealth under $11,000,000.  Those couples may now be better…

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Carico Johnson Toomey LLP Ranked on the 2016 “Best Law Firms” List by U.S. News – Best Lawyers®

U.S. News – Best Lawyers® ranked Carico Johnson Toomey LLP on the 2016 “Best Law Firms” list in the Metropolitan Tier 2 and Tier 3 Ranking in Los Angeles for their work in Trusts & Estates Law and Trust & Estates Litigation.

The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys in their…

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