estate planning
Beware of the Bypass Trust in Your Living Trust
You may need to amend your living trust if it has a bypass trust provision
TOPIC
taxes
estate planning
2023 Gift and Estate Tax Exemption
2023 gift and estate tax exemption and annual gift exclusion. How much can you gift without a gift tax?
estate planning
California Probate
California probate is complicated, time consuming and very expensive. A typical California probate could take 18 months and cost over $30,000 -...
taxes
New IRS Regulation Allows 5 Years to Elect Portability
The IRS just issued Revenue Procedure 2022-32, which allows a surviving spouse to elect "portability." Read on to find out what this means for you.
estate planning
California Proposition 19
California Prop 19 eliminates Parent Child Reassessment Exclusion but Expands Base Year Value Transfer
trust administration
Portability - How to Eliminate Estate Tax
Filing estate tax return and electing portability when first spouse dies could eliminate future estate tax if the gift and estate tax exemption drops.
taxes
2022 Gift and Estate Tax Exemption
2022 gift and estate tax exemption and annual gift exclusion. How much can you gift without a gift tax?