It’s been said that nothing is certain but death and taxes and, for some, this is definitely a harsh truth. The “Death Tax” is a nickname often used to refer to the federal estate tax. This is simply a one-time tax that some people have to pay upon their deaths. It is based on the total value of a person’s assets. It includes things like bank accounts, real estate, and stocks. This tax is based on whether or not your total net worth is more than about 11.6 million dollars as of 2020. If your sum is less than that.
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Estate Planning
Estate Planning is not just for the rich. It’s about protecting your assets from unnecessary delays and fees in Probate Court. Planning now ensures the safety and financial concern for your loved ones.
Probate / Trust Administration
Losing a loved one is tough. If your loved one left a Living Trust, you need to administer their wishes privately. We help you navigate this simplified process.
Evictions
Evictions can be a huge time and money sucker. We help clients evict non paying tenants swiftly and efficiently so that you can move on with your business.
Avoid Nursing Home Costs
Nursing home costs are expensive. We can help you qualify for government assistance to help pay or eliminate nursing home costs. Even a person with a $1,000,000 home can qualify!
Accomplishments
Why Choose Aliav Law
Estate planning is not just about passing your assets down to the next generation. It's about transferring values, traditions, stories, and lessons. It's about creating new opportunities. It's about making the next generation better. That's what we do. And no one does it better.
Testimonials
Estate Planning Attorney Blog
Tips, strategies, and information to help you protect your family, live a rich life, and create generational wealth.
Will There Be Property Tax Consequences With A Living Trust?
A common question I get is whether or not creating a living trust means you will have property tax consequences or changes. I often suggest my clients get a living trust, especially if they own property in the state of California. But, a major drawback seems to be the possibility of causing a property tax reassessment if anyone touches the title to the property. No one wants the added stress of a reassessment, but please note that there are exemptions for this. You simply have to look for them. Why Choose a Trust in the First Place? Most people tend.
Property Tax: What Happens After Death?
Proper estate planning takes into consideration not only one’s assets but also the taxes that come with transferring those assets from one person to the next. Property tax refers to the amount in tax you have to pay for any real estate you own. Every year, you are required to pay taxes on this property, and that does not end once you pass away and leave those assets to someone else. No matter what option you take for estate planning (will, trust, power of attorney, etc.), the property will likely be reassessed for tax purposes unless you fall into an.