Category Archives: Estate Tax

The Estate Tax Benefits of Living in California


There are some people in California who would grumble about the Federal estate tax, but all California residents should be thankful that the State of California phased out its State estate tax in 2005.  Unlike California, seventeen states and the … Continue reading

Posted in Estate Tax | Tagged , , , , , , , , , | 1 Comment

The Pitfalls of Portability


This year and next, a decedent can transfer his or her Personal Federal Estate Tax Exemption to his or her spouse.  This power to transfer, often referred to “spousal portability,” allows couples to protect a significantly larger chunk of their … Continue reading

Posted in Estate Tax | Tagged , , , , , , , | Leave a comment

What to Do With an Inheritance?


With the economy the way it is these days, most baby boomers are not expecting to receive a windfall.  But investigations at the Center for Retirement Research at Boston College indicate that, as the parents of the sandwich generation pass … Continue reading

Posted in Estate Tax | Tagged , , , , , , , | Leave a comment

Transferring California Assets Through Joint Title


Some of my clients have questions about transferring assets outside of probate by putting their heirs on the deed or title to property.  Although this may work for some clients in some situations, we need to be very careful about … Continue reading

Posted in Estate Tax, Probate | Tagged , , , , , , | Leave a comment

DOMA and Estate Planning for Gay Couples


Last week, President Obama ordered the Department of Justice to stop defending the Defense of Marriage Act, the Federal law banning recognition of same-sex marriages.  However, for the time being, same-sex married couples should not change their estate plans or … Continue reading

Posted in Estate Tax | Tagged , , , , , , , | Leave a comment

The Not-So-Personal Estate Tax Exemption


Since Congress once again changed the personal estate tax exemption in December of 2010, many of my clients have been confused about what portion of their estates would be subject to Federal estate tax.  Here are the basics: $5 Million … Continue reading

Posted in Estate Tax | Tagged , , , , , | Leave a comment