Recent News

As the end of 2024 rapidly approaches, we wanted to bring to your attention the following changes in estate and gift tax exemptions under current Federal law as well as the legal changes discussed below. As always, we encourage you to reach out to us to discuss how these changes may be relevant to your…

  On September 13, 2021, the House Ways and Means Committee inserted an amendment into the House’s Omnibus Reconciliation Bill, which included a number of proposed tax changes.  The Senate will introduce its own version of the bill, which may include some of the same proposed changes and may include additional proposed changes.  Currently, it…

Dear Clients, Colleagues and Friends, Our firm is excited to announce its new name.  As of June 1, 2021, our firm will be known as Sullivan, McGibbons, Crickard & Associates, LLP.   The change reflects our proud addition of Jeremy B. Crickard as a new partner and new member of the firm’s executive committee. Jeremy is…

Sullivan, McGibbons & Associates is pleased to welcome Jeremy B. Crickard as a Partner to the firm. More information to follow soon!

Proposition 19 and the Change in Property Tax Rules: Proposition 19 recently passed in California, and contains two main changes in California property tax assessments that may impact your estate planning.  Changes to the Parent-Child Exclusion and Grandparent-Grandchild Exclusion Effective February 16, 2021, Proposition 19 will substantially restrict the availability of the parent-child exclusion from…