2021 Wills, Trusts, and Estates Legal Updates

Witnessing and Notarizing Estate Planning Documents During COVID-19

The COVID-19 pandemic has complicated the process of finalizing estate planning documents by making it harder to gather witnesses or to visit a notary public. Thankfully, you have some options. Get Creative for Witness Signatures. Witnesses for wills cannot be beneficiaries of the will, and witnesses

2021 Changes to the Federal Estate Tax

For 2021, the IRS made small changes to the estate tax (and related taxes), mainly adjusting for inflation. Federal Estate Tax Exemption -- $11.7 million. Unless your taxable estate is worth more than $11.7 million, your estate will not owe federal estate tax if you die in 2021. This is an incremental

California’s Prop 19 Changes Parent-Child Property Tax Assessments

In November 2020, California voters passed Proposition 19, which, in part, limits the ability to avoid property tax reassessment when property passes between parents and children.