Experts in California
Estate Planning and Tax Avoidance
As you consider your estate planning options, there is something about California estate law you should know:
Federal estate tax law and California’s probate processes are complicated, costly and subject to change.
That’s why it makes sense to get the help of an experienced California estate planning attorney.
When it comes to the estate tax and California probate process, here are some important facts you should know:
• Your estate is likely to be subject to probate, regardless of what it’s worth today. While California probate is triggered when an estate is worth more than $100,000 or owns real property worth $20,000, that minimum does not increase with inflation. Therefore, no matter what your estate is worth today, over time it’s likely to qualify for probate because of growth.
• Probate fees are based on the “gross” value of the estate. If your estate plan does not effectively address this, your probate costs and outstanding debt may exceed the value of the estate itself.
• Federal estate tax law is currently set to change. It’s your responsibility (or the responsibility of your estate planning attorney) to address these changes as they occur or your estate and loved ones will be the ones who pay for it.
We at the Dayton Law Firm are here to help. Our team of estate planners focuses solely on estate planning–enabling our team to stay up-to-the-minute on Federal estate tax and California probate law.
As one of a select few of California attorneys who are Certified Estate Planning Specialists, founder Richard Dayton has helped hundreds of families navigate the Federal estate tax and California probate system–while saving them from inflated taxes and fees.
Call us today to learn more about our custom estate planning and tax avoidance solutions.