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JUNE 2025
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This Father’s Day, I’m Grateful for the Dad Who Showed Me How to Be One
Father’s Day hits differently now that I’m a dad. I find myself thinking more and more about how I was raised — the things my dad did, said, and how it shaped who I am today as a dad of two boys. I remember our awesome family vacations, roughhousing with him in the pool, and father-son bonding moments. That’s the stuff that sticks. My three-year-old is in the thick of his “jump on Dad” phase, and honestly, it’s one of my favorite parts of the day. He launches himself at me like a little torpedo with no fear, full trust, and a laugh that makes everything else disappear. We have a little game where I pretend like it hurts, sound effects and all (and sometimes it really does). But secretly, I love it. It reminds me so much
of those playful moments with my dad — boyish energy in full blast.
And my dad? That guy has a contagious sense of humor. He’s a natural jokester. You can’t not have a good time when he’s around. He’s the kind of guy who makes you laugh when you didn’t know you needed to. And even now, when I think about who I want to be for my kids, that’s part of it. I want to be that dad — goofy, fun, and playful — but also the one teaching them the important things. Right now, I’m working on teaching my oldest about money. He’s three, so it might sound a little early, but I figure why not start now? I’m thinking of giving him a little allowance, maybe a dollar a week, just to get him used to saving, spending, and giving. I’ll get him a piggy bank, maybe a little wallet, and let him feel what it’s like to have something that’s “his.” As summer rolls around, I’m excited, as this will be one for the books. We just moved this past December, and our new place is near Lake Natoma and Lake Folsom. We are water people, so this is the perfect spot for us. Lucero and I used to kayak when we first met, and now we’re bringing that part of our lives back. We’ve got a pool out back, and we’re close enough to both lakes that our weekend plans are pretty much already decided!
This summer, I picture us waking up on a Saturday, kayaking at the lake, heading home for lunch, hanging out by the pool, and enjoying the sunshine. Those are the kinds of days I want to give my kids. Days that don’t revolve around toys or the gadgets. Just experiences. Real moments. Laughing, being outside, being together. That’s what I’m most proud of — not any one thing I’ve done, but the way I’m trying to show up. The way I’m learning from the good parts of my own childhood and passing them on, while also adding my own flavor to it. We’re building something here, memory by memory. It’s messy, loud, sometimes exhausting — but it’s beautiful.
And honestly, I think my dad would be proud too. Happy Father’s Day!
–Tyler Q. Dahl
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If you plan to transfer business interests — whether to family members, trusts, or other individuals or entities — understanding how your business is valued will change your approach to estate and gift tax liability. Two key valuation discounts, the Discount for Lack of Marketability (DLOM) and the Discount for Lack of Control (DLOC), can help business owners strategically transfer wealth while minimizing tax liabilities. WHAT IS THE DISCOUNT FOR LACK OF MARKETABILITY? DLOM applies when an ownership interest in a business cannot be easily sold or converted to cash. Unlike publicly traded stocks, privately held businesses lack an active market, making them less attractive to potential buyers. Because of this limited liquidity, the IRS allows for a reduction in the valuation of these interests when calculating estate and gift taxes in certain situations (with limitations). Business owners who plan to transfer interests in a privately held company can use DLOM to reduce the taxable value of their business assets, potentially saving significant amounts in estate taxes. WHAT IS THE DISCOUNT FOR LACK OF CONTROL? DLOC reflects the reduced value of an ownership interest that does not include controlling authority over a business. Minority shareholders (49% ownership or less), for example, may be unable to influence key decisions such as distributions, company sales, or leadership changes. This lack of control makes the ownership interest less valuable compared to a controlling stake, and the IRS recognizes this diminished value through a valuation discount. Business owners structuring ownership transfers within family partnerships, limited liability companies, or trusts often use DLOC to further reduce estate tax liability and manage succession planning efficiently. HOW DO THESE IMPACT YOUR ESTATE PLAN? Properly applying these valuation discounts can lead to substantial tax savings when transferring business interests to heirs or trusts. Without these adjustments, business owners can face inflated estate tax obligations that could force heirs to sell company assets to cover tax liabilities. Additionally, DLOM and DLOC can provide a strategic advantage when structuring family business succession plans. EFFECTIVE ESTATE PLANNING SOLUTIONS FOR CALIFORNIA BUSINESS OWNERS. Ensuring your plan is structured correctly is essential to maintaining control and preserving wealth across generations. Contact Dahl Law Group today at our offices in Sacramento and San Diego to discuss estate planning solutions tailored to your business and financial goals. What Are the Discounts for Lack of Marketability and Control And How Does It Help Estate Planning?
Did You Know? Did you know Father’s Day became an official U.S. holiday in 1972, long after Mother’s Day? And while ties remain a classic gift, surveys say tech gadgets and “a day off” top most dads’ wish lists these days.
Now, in true dad fashion, here are three great dad jokes!
Why don’t eggs tell jokes? Because they’d crack each other up.
What did the ocean say to the beach? Nothing, it just waved.
Want to hear a construction joke? I’m still working on it.
Here’s to the kings of corny humor and
unexpected trivia — thanks for keeping life fun. Happy Father’s Day!
Do you have a friend who needs our help? When you’re done reading, give them this newsletter and recommend they scan our QR code. We can help them solve their tax, business, or estate planning problems before things get worse.
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Protecting the Long-Term Value of Crypto Investments Through Estate Planning
Unlike traditional assets, digital currency exists outside of standard financial institutions, making it easy to lose access if proper planning isn’t in place. Without clear instructions and proper documentation, heirs and fiduciaries may struggle to retrieve crypto assets and could even be locked out entirely. ADDRESSING CRYPTO WITHIN YOUR ESTATE PLAN. Listing crypto holdings and providing clear guidance on access ensures that trustees, heirs, and beneficiaries can access and profit from your valuable investment. A trust can provide additional security and control, allowing a designated trustee to manage the assets according to specific terms. Given the potential for market volatility, estate plans can also include language allowing fiduciaries to either retain or liquidate crypto holdings based on the intended strategy. PRIVATELY STORING THE NECESSARY ACCESS INSTRUCTIONS. Crypto wallets require private keys, PINs, and/or passcodes, which should never be included directly in a trust or will due to security risks. Instead, a separate memorandum can detail step-by-step instructions for
accessing and managing these assets. The security of this information is just as important as the instructions themselves. A trusted individual or professional service can hold the private key separately, reducing the risk of unauthorized access. PASSING COLD WALLETS OUTSIDE OF PROBATE. Since cold wallets exist outside of typical online exchanges, they may be considered tangible personal property under estate laws. If a will or trust states that all tangible property passes outright to heirs, this could unintentionally separate crypto holdings from the rest of the estate. Proper classification and clear instructions prevent disputes and ensure the intended beneficiary receives the assets. For those concerned about heirs managing the assets, a trustee can be granted authority to exchange crypto for cash before distribution. FORWARD-THINKING ESTATE SOLUTIONS FOR YOUR LEGACY. Strategic planning ensures your cryptocurrency investments pass according to your wishes while maintaining the security and privacy of your legacy. Dahl Law Group provides the legal solutions necessary to safeguard your digital assets and secure your legacy. Contact our offices in Sacramento or San Diego to get started on implementing the right legal strategy for your estate and your investments.
Simple Summer Garden Pasta Ingredients • 4 cups cherry tomatoes, halved • 4 cloves garlic, minced • 1/2 cup extra virgin olive oil • 1 tsp red pepper flakes (optional, to taste) • 1 tsp kosher salt • 1/2 tsp black pepper
SUDOKU
Inspired by TheKitchn.com
• 1 lb angel hair pasta • 1 cup fresh basil • 2 cups freshly grated Parmesan cheese • Cooked, chopped chicken for serving (optional)
Directions 1. In a large bowl, combine tomatoes, garlic, olive oil, red pepper flakes, salt, and black pepper and toss until well coated. 2. Cover and let the mixture sit at room temperature while the pasta cooks. 3. Add pasta to a pot of boiling water and cook per package directions until al dente. 4. Drain the pasta, reserving 1/4 cup of the pasta water to add to the tomato mixture. 5. Coarsely chop the basil leaves. 6. Add the pasta, Parmesan cheese, and chopped basil to the tomato mixture and toss again until combined. 7. Serving suggestion: Add cooked, chopped chicken for more protein!
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INSIDE What’s
2. 1. Father’s Day Hits Different When You’re the Dad Unbeatable Dad Jokes Leveraging DLOM and DLOC for Tax Reduction
3.
Secure Your Crypto Legacy in Your Estate Plan
Simple Summer Garden Pasta
4.
New Family Aquatic Sports for Summer Fun
Make a Splash! Water Fun for the Whole Family
CANOEING AND KAYAKING Few aquatic activities offer more opportunities for reflection and quiet conversation than paddling a canoe or kayak. These watercraft are usually available to rent near lakes and rivers, and, barring rough weather, navigating with them is relatively safe and easy. Pack a picnic, explore, and see what you can find along a river or lakeshore. WATERSKIING While this sport requires access to a speedboat and a skilled operator, arranging to try it can offer unforgettable thrills. Nothing can compare to the exhilaration as you first rise above the waves and stand on your skis; participants also get a full- body workout! Waterskiing poses a challenge for beginners when crossing the wake and keeping their legs beneath them, but the rewards are worth the effort! This summer, consider vacationing near a body of water to explore these aquatic activities or others, such as sailing or bodyboarding. You will create lasting memories and may ignite passions your kids will enjoy for years!
Few outdoor activities are more fun to do as a family than beating the heat in the water. A facility as simple as a community pool can offer fun for all ages, including wading, diving, and lap swimming. As summer gets underway, consider making plans to try more complex aquatic sports as a family. Here are four exciting options that will inspire the whole family to take the plunge. STAND-UP PADDLEBOARDING This sport originated among Hawaiian surfers and began gaining momentum nationwide about a decade ago. Participants stand upright on a flat, buoyant board and propel themselves over lakes, rivers, and oceans with a single paddle. Paddleboards are bigger than surfboards and are stable enough to hold a picnic in a waterproof bag! SNORKELING Snorkeling is a great family activity for all ages if you’re vacationing near an ocean. Flippers, watertight goggles, and snorkels are easy to rent or buy. Exploring the wonders beneath the waves is as easy as floating on the surface and paddling your flippers. While any clear ocean waters can be fun to explore, consider trekking to Hawaii or Cozumel to see spectacular schools of fish and rock formations.
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