Legal advice on Exemptions to estate tax

Asked in Simi Valley, CA | Oct 24, 2022

Need to quitclaim my parents house to my name

My mother has late stage alzheimer so she can not sign, can my father sign for her?

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Asked in Oakland, CA | Dec 29, 2021

Are there any laws or changes that go into effect regarding living trusts in 2022? I am a homeowner with a 1.2 million property.

I need to know if I need to make changes in next couple days.

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Asked in Portland, OR | Nov 23, 2021

Can my mom avoid oregon estate taxes if she uses assets to buy into my business?

my mother has an estate worth $1.6M more than the oregon limit ($1M) and has alot of cash on hand. She has created a living trust but no assets have been put into it yet. my sister and I are the beneficiaries of the trust and we are wondering of estate taxes can be avoided if my mother uses some of her funds to buy into an existing LLC that my sister and I are members of with the idea that these 'buy in' funds would be excluded from oregon estate taxes. Is that possible?

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Asked in Killeen, TX | Nov 17, 2021

If i put my dad on my mortgage loan since he will be moving in he is 86 will i get a tax break and 90 percent disabled vet?

Fixing to buy a new home in texas and my mother lives with me and my step dad will be living w me as soon as find a bigger house will i get a tax exemption besides the homestead.

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VIDEO LEGAL GUIDE

Written by attorney Thomas B Burton | Apr 8, 2021

Written by attorney Thomas B Burton

How Much Money Can You Give Away Per Year Tax Free?

Attorney Thomas B. Burton answers the following question: "How much money can you give away per year tax free?" in the latest episode of Estate Planni

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Written by attorney Michal S. Lipshitz | Mar 24, 2021

Written by attorney Michal S. Lipshitz

What is a Credit Shelter Trust?

Federal Estate Tax The current federal estate tax exemption is $11.7 million. This means individuals can gift up to the federal exemption amount durin

Asked in Roseville, CA | Dec 3, 2020

Do my parents need more than a will?

So my parents have a property with a loan on it. It’s their sole residence and they want to put me on the will to receive it if something happens to both of them. Would I need more then a will?

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Written by attorney Jonathan P Bacsalmasi | Mar 3, 2020

Written by attorney Jonathan P Bacsalmasi

2020 Federal Legislation Brings Major Changes to IRA Planning

2020 Federal Legislation Brings Major Changes to IRA Planning A person's retirement accounts are often a significant part of their financial plan duri

Written by attorney Kera Murphy Reed | Feb 24, 2020

Written by attorney Kera Murphy Reed

Estate and Gift Tax Update for 2020

Concerns There was concern that the sunset of the higher exclusion amount and reversion to the lower amount could, retroactively deny taxpayers who di

Written by attorney Inna Fershteyn | Aug 13, 2019

Written by attorney Inna Fershteyn

Gift Tax Basics: Do I Owe Taxes When Someone Gifts Me Money?

Gift Tax Limit As of 2018, you and your spouse may gift up to $15,000 each ($30,000 in total) to as many individuals – except to each other if eithe

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