ja_mageia

  • Narrow screen resolution
  • Wide screen resolution
  • Decrease font size
  • Default font size
  • Increase font size
Home Law Practices Estate Planning
Estate Planning - Lawyer - San Diego - Irvine
Article Index
Estate Planning
What is estate Planning?
What is involved in estate planning?
Who needs estate planning?
What is included in my estate?
What is a will?
What is a revocable living trust?
What is probate?
To whom should I leave my assets?
Whom Should I name as my executor or trustee?
How should I provide for my minor children?
When does estate planning involve tax planning?
How does the way in which I hold title make a difference?
What are other methods of leaving property?
What if I become unable to care for myself?
Who should help me with my estate planning documents?
Should I beware of someone who is a
What are the costs involved in estate planning?
All Pages

When does estate planning involve tax planning?

Estate taxes are imposed upon an estate which has a net value ÷ in 1999 ÷ of $650,000 or more. Under current law, that amount will increase, in uneven increments, to $1,000,000 in 2006. For estates which approach or exceed this value, significant estate taxes can be saved by proper estate planning, usually before death and, in the case of married couples, before the death of the first spouse. Estate planning for taxation purposes must take into account not only estate taxes, but also income, gift, property and generation-skipping taxes as well. Qualified legal advice about taxes should be obtained during the estate planning process.