At $13.99 million for 2025, the federal estate tax exclusion is the largest it has ever been, but it will be reduced by half in 2026, which you can read more about in this advisory....more
3/3/2025
/ Apportionment ,
Estate Planning ,
Estate Tax ,
Non-Residents ,
Property Owners ,
Property Tax ,
Real Estate Investments ,
Real Estate Transactions ,
State Taxes ,
Tax Liability ,
Tax Planning
California voters approved Proposition 19 in November 2020, which updates California's long-standing property tax reassessment rules. There are two major provisions of Prop 19....more
Washington State does not have "common law marriage" but it does have a now well-developed (yet still evolving) body of law on "equity relationships" or "committed intimate relationships." ...more