Small Estate Redefined-Probate Required for Estates Greater Than $150,000 in California

A fairly noteworthy change was brought to the estate planning landscape this year- the “small estate,” which since January 1, 1997, has been defined as an estate of $100,000 or less, has been redefined as an estate of $150,000 or less.  Effective on January 1, 2012, Bill AB 1305, introduced by Assemblywoman Huber, amended certain provisions […]

Who Still Needs an A/B Trust Anyway?

Unmarried and Same-Sex Couples While the portability provisions of the new tax law allow a surviving spouse to use a deceased spouse’s unused estate tax exemption amount, the same federal rules do not apply to unmarried and same-sex couples, regardless of that couples status under state laws granting spousal rights in the event of common […]