One of the most important aspects of estate planning is minimizing taxes. While California no longer has a state estate tax or inheritance tax, federal estate tax and gift tax laws must be taken fully into consideration as part of any estate plan. That is especially true in light of the provisions of the 2017 Tax Cut and Jobs Act, which provide substantial opportunities and benefits for estate planning and gift planning at the current time. Those provisions are scheduled to expire in 2025, in the absence of further Congressional action.
Proper tax planning requires knowledge of the complex tax laws, as well as experience and skill in creating trusts that take full advantage of opportunities provided by the tax laws. Our White and Bright attorneys have the necessary expertise and experience to assist clients in creating an estate plan and gifting plan that minimize tax liability to the greatest extent possible.
We welcome you to contact us about our estate and gift tax planning services.