Exemptions regarding Small Estates, California
As of January 2020, an estate with assets valued at $166,250.00 or less, excluding certain types of assets, is considered a Small Estate. (Prob. Code 13100) Affidavit Re Real Property of Small Value (Less than $55,425.00);…
Federal Estate/Gift Tax Exemption for 2020
Exclusion of $11,580,000 per person $23,160,000 married Federal Estate Tax at 40% over Amount of Exclusion
Title Issues in Estate Planning
It happens more times than you may think. Mom and Dad have passed away and they have left a piece of real estate to a number of their children in equal shares. Over time, the children…
Title of Real Property upon the First to Die
Is there anything that needs to be done with mom and dads’ real property, titled in the name of the family trust, upon the first death? Yes, the survivor should file with the County Recorder where…