What are the taxes my kids/beneficiaries will have to pay when I die?
In general, the recipient of your assets doesn’t have to pay taxes, but let’s explain how taxes and estate planning work together.
How can I minimize estate taxes in California?
How to minimize taxes in California generally involves planning for several types of taxes, including estate taxes, gift taxes, capital gains taxes, and property taxes.
What taxes apply when selling the house of someone who died?
When a house is sold after someone dies, there can be capital gains taxes and/or property taxes depending on the circumstances.
What’s the difference between estate tax and gift tax?
California does not have an estate & gift tax, but the federal government does. What’s the difference? How do they work together?
Does my property tax change if I put my house in a trust?
Property tax is a county-assessed tax that changes when there is a change in ownership. In general, if you move your own house into your own living trust, there is not a reassessment of property tax. However, there are always exceptions!
2023 Estate Tax, Gift Tax, and Avoiding Probate
2023 brings us updates to the federal gift tax exclusion and the federal estate tax exemption! California still doesn’t have either.
