Trust Loans

An irrevocable trust is a specific trust category in which the terms cannot be altered, amended, or dissolved without the consent of the beneficiary or beneficiaries. In the state of California, such trusts are integral to trust and estate planning strategies, with an emphasis on reducing estate and personal taxes.The grantor relinquishes control of the […]

In California, when siblings jointly inherit a property, they are presented with multiple alternatives to allocate the asset among themselves. One such method is for one sibling to acquire the other siblings’ stakes in the property. However, if done incorrectly, this approach may trigger a property tax reassessment, leading to a substantial increase in property […]

Many Californians were taken aback when they learned the truth about Proposition 19.

Proposition 19 created serious hardships for many California residents who had hoped to leave an inheritance for their children and grandchildren.

In fact, the Repeal the Death Tax Act goes one step further, by increasing the taxable value exemption to $2.4 million. That figure will be automatically adjusted in the future to account for inflation.