Tag Archives: estate tax

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 […]

Top Fears that Newport Beach Estate Planning Lawyers Face with their Clients

When clients come to see a Newport Beach estate planning lawyer, they generally have multiple goals in mind. Interestingly, they don’t always realize this fact, thinking that they “just” need to put together a will that stipulates who gets what after they have passed away. While this is obviously a very important part of what […]

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.

Planning for Estate Taxes in 2013 and Beyond

What will happen to estate taxes in 2013? Right now, you may as well try to predict what the weather will be on Jan. 1 than count on new laws from a contentious Congress still debating the scenarios.

Using the Power of Trusts to Spur Your Estate Planning in Orange County

Estate planning changed again on January 1, 2011, when certain key provisions of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, signed by President Obama on December 17, 2010, took effect. Suddenly, the federal estate tax exemption increased to $5 million ($10 million for a married couple with proper planning). As […]

What You Don’t Know About The Generation Skipping Tax Could Cost Your Grandchildren Their Inheritance

Virtually everyone knows about the California estate tax (unless they’ve been living under a rock for the last ten or twelve years).  But if you’re planning to leave property directly to your grandchildren or even great grandchildren, there’s another tax you need to plan for now. A tax that can be just as costly as […]