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CA Prop 19 Passes and Opportunities Prior to Biden Tax Laws

ca prop 19

Among other changes to Prop. 13, many people will experience a negative impact from Prop. 19, since it considerably limits the availability of the parent-child exclusion for purposes of limiting reassessment of real estate property taxes upon the transfer of property from parents to children. And for those with estates over $5 million, there are opportunities prior to enactment of the new tax laws. ...

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Problems with Deeds on Death, Transfer on Death Deeds or Beneficiary Deeds

deeds on death

When a person dies owning real property in his or her name, probate may be required in order to transfer that property to the heirs of the deceased person. Because of the costs, delays and hassles associated with going through probate in the State of Nevada, many people desire to transfer, or to at least structure the future transfer of, their real property, prior to their deaths....

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Is Now the Time to Make a Large Gift? Uncertainty & Opportunity in 2020

gift giving tax 2020

Because our office is already fielding dozens and dozens of inquiries regarding this unique circumstance, it is important that you call us now if you desire to receive counsel and assistance, prior to the end of the year, in determining how such a 2020 gift might be beneficial to your family and estate. ...

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What is a Qualified Personal Residence Trust?

Estate planning in Nevada does not need to be a complicated process. Still, there are many choices for you to look at when deciding how to handle the ownership of your property now and in the future. One option that is available to you is a Qualified Personal Residence Trust (QPRT). Read below to find out what this is, what the process for creating one is, and how it could help you and your beneficiaries. ...

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