CA Estate Tax Exemption

Understanding the CA Estate Tax Exemption

The CA estate tax exemption refers to the amount of money that can be passed on to beneficiaries without incurring federal estate taxes. It’s important to note that California does not have a separate state estate tax. Therefore, residents only need to consider the federal estate tax exemption when planning their estates.

Federal Estate Tax Exemption

The federal estate tax exemption has undergone significant changes in recent years. As of 2021, the exemption amount is $11.7 million per individual and $23.4 million for married couples. However, these amounts are subject to change, so it’s essential to stay informed about current tax laws and consult with experienced estate planning attorneys like Hess-Verdon & Associates.

Why Choose Hess-Verdon & Associates

When it comes to navigating the complexities of the CA estate tax exemption and estate planning, you can trust Hess-Verdon & Associates to provide unparalleled expertise and dependable legal counsel.

Estate Planning Expertise

With over three decades of experience in estate planning, business, and commercial litigation, our team has the knowledge and skills necessary to address your unique needs. Our commitment to delivering comprehensive, results-oriented legal counsel ensures that your estate plan is optimized to minimize taxes and protect your loved ones.

Trust and Probate Litigation Services

Our trust and probate litigation services cater to trustees, beneficiaries, business entities, and real estate partners. Our extensive background in trial preparation, strategy, and presentation means we can effectively advocate on your behalf and safeguard your interests.

Contact Us Today

For expert guidance on the CA estate tax exemption and other estate planning matters, don’t hesitate to reach out to Hess-Verdon & Associates. Call us at 1-888-318-4430, and let our team of experienced attorneys assist you in securing your financial future.

In conclusion, understanding the CA estate tax exemption and incorporating it into your estate plan is vital for protecting your assets and loved ones. With the help of Hess-Verdon & Associates, you can ensure that your estate plan is optimized for tax purposes and tailored to your specific needs. Contact us today to learn more.

FAQs

1. What is the CA estate tax exemption?
The CA estate tax exemption refers to the federal estate tax exemption, as California does not have a separate state estate tax.

2. How much is the federal estate tax exemption?
As of 2021, the federal estate tax exemption is $11.7 million per individual and $23.4 million for married couples. These amounts are subject to change.

3. How can Hess-Verdon & Associates help me with the CA estate tax exemption?
Hess-Verdon & Associates can provide expert guidance on the CA estate tax exemption and help you create a comprehensive estate plan optimized for tax purposes.

4. Do I need to consider state estate taxes if I livein California?
No, California does not have a separate state estate tax. Therefore, residents only need to consider the federal estate tax exemption when planning their estates.

5. How do I contact Hess-Verdon & Associates for assistance with the CA estate tax exemption?
You can contact Hess-Verdon & Associates by calling 1-888-318-4430. Our team of experienced attorneys is ready to help you with your estate planning needs.