Posts in December, 2016

Dec 22 Claiming the Property Tax Reassessment Exclusion

Real property that is not entitled to special exemption is valued at the base-year value determined under Proposition 13 ...

Dec 22 Are your kids still your kids after they turn 18?

A Mom gets a call from a cross-country Emergency Room informing her that her 19-year old college student has been admitted. That’s ...

Dec 22 Preventing Lack of Liquidity

It is difficult to estimate with certainty how much it will cost to settle one’s estates or how quickly expenses and taxes must be ...

Dec 22 Misusing Joint Tenancy as a form of Estate Planning

While owning property in joint tenancy does avoid probate, this estate planning method comes with certain negative tax ...

Dec 22 Pet Trusts and Pet Care Provisions

Consider including pet care provisions in your estate plan – set aside sufficient funds to be put in carefully selected hands to ...

Dec 22 2017 Estate Tax Exemptions

In 2017, the Estate and Gift Tax Exemption amount is set at $5.49 million per individual, up from $5.45 million in 2016. In excess ...