Category Archives: California Estate Tax Lawyer

If you have a large estate, you will want to consider what strategies are available to minimize your exposure to the federal estate tax. There are many “tools in the toolbox” and once we do an analysis of your assets and values, hopes and dreams, will we then be able to craft an advanced estate plan that is right for your family.

Learn Why the New Federal Estate Tax Exemption Doesn’t Give You an Estate Planning “Pass”

Unless you were living under a rock, you most likely heard about the tax reform bill that was passed through Congress and signed by the President over the holidays. One big change that came out of it was the doubling of the exemption amount for federal estate, gift and generation-skipping transfer taxes. Beginning in 2018, […]

Orange County Estate Tax Lawyer Answers: “What’s Estate Tax Portability?”

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced the concept of estate tax portability between spouses. The American Taxpayer Relief Act of 2013 made estate tax portability permanent. What exactly is estate tax portability, and how can you use it to your advantage?  What is Estate Tax Portability? If a husband […]

Orange County Estate Tax Attorney: The Future of the Federal Estate Tax

The IRS just announced the 2016 federal estate tax rate limits, which are $5.45 million for individuals and $10.9 million for married couples. This means that wealthy Americans will be able to leave up to $10.9 million to their heirs without being subject to federal estate tax rates, which top out at 40%. In addition, […]

Making a Charitable Organization the Beneficiary of Your Life Insurance Policy | Estate Planning Lawyers in Orange County

Clients come to their estate planning lawyers in Orange County with a desire to make a difference to the next generation.  Obviously, there is a need to plan for children and grandchildren, but many Orange County residents are also looking for ways to benefit their favorite organizations.  Charitable giving provides an opportunity to do something […]

Be Your Clients’ Hero: Decision Time for Income Tax Reduction as Trust Taxes Soar

Income Tax Options Run Out December 31 for Non-Grantor Trusts. Most clients and advisors have not yet caught up to the impact of soaring income tax rates on non-grantor trusts and on estates in administration. Trustees and estate administrators must be informed immediately to implement strategies to mitigate the 2013 tax rate, eliminate the tax through distribution […]

What to Expect from Estate Planning in Orange County, CA Part III

This is the third in a series of articles on what to expect when you work with your Orange County estate planning lawyer.  Each article will cover several of the topics that you will need to consider to make a plan that works for your needs. In the previous to editions of this series, we […]

Income Tax Planning with Alaska Community Property Trusts

The Internal Revenue Code (“IRC”) provides substantial income and estate tax benefits to the married residents of the nine “community property” states. A tenth state – Alaska – allows married couples to opt in to the community property regime and reap these benefits. In addition, Alaska offers the married residents of the other 40 states […]

Using Trusts to Protect Inherited IRAs

Many clients have large IRAs and retirement plan accounts and need special estate planning for these assets. A 2009 study by the Investment Company Institute found that retirement plans account for 34% of all household financial assets, up from 14% in 1978; IRAs alone account for more than 10% of all household financial assets; and […]

Orange County Estate Planning and Unintended Consequences When Transferring Property

There’s little doubt that working with an estate planning attorney is a great approach to protecting your assets and your beneficiaries from excessive taxation. Residents of Orange County rely on these professionals to help them discover what strategies they can use to legally avoid paying more taxes than are necessary.