California residents have 0% state inheritance (or estate) tax. Instead, California estates follow the federal estate tax, which taxes only large estates valued at $12.6 million or more. The estate
Got inheritance? If so, you might want to learn about one of several estate planning taxes in detail: capital gains tax on inherited property. Find out how capital gains tax
In California, the probate process can sometimes take as little as nine months, but that is not common. Typically, it can take anywhere from several months to a year-and-a-half, with
What Is a Revocable Living Trust in California? A California revocable living trust is a legal contract that allows individuals to continue to own and control their property while they
Steps To Create a Will in California Preparing and deciding how to best handle your assets beyond your lifetime is not easy, and you may have lots of questions. However,
After a divorce, you may find your estate plan is all of a sudden outdated. You have assets that, upon your death, could be distributed to your now ex-spouse. Thus,
Avoiding Probate in California Probate (court proceedings to enable the transfer of assets of a deceased person to the people who inherit them) can be long, costly, and confusing. However,
Types of Trustees A trustee typically manages the assets of a trust. However, other common types of trustees include: Successor trustees: These trustees step manage revocable living trusts when the
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