Legal - California

The TDS exemption for trust sales no longer allows co-trustees of a revocable trust to claim the exemption. The existing law generally grants the exemption to the successor trustee of an irrevocable trust (typically, after the trustee has passed away), and generally disallows the exemption to a trustee of a revocable when that person set up the trust (and […]

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) Defying the NCAA, California opened the way Monday for college athletes to hire agents and make money from endorsement deals with sneaker companies, soft drink makers, car dealerships and other sponsors, just like the pros. The first-in-the-nation law, signed by Democratic Gov. Gavin Newsom and set to […]