top of page

Are inheritances taxed?

This depends on the state you live in. Here in CA, 1/1/21 our governor did initialize state death

taxes (also known as estate taxes). He has said that he will follow the federal government’s new

proposal. Under Biden, he has proposed a $1 Million gross valued exemption with a 65% tax

rate. If this passes, then CA will also follow suit. You can create an estate plan that does

incorporate tax planning that will reduce or maybe even limit your exposure to death taxes.


Featured Posts
Check back soon
Once posts are published, you’ll see them here.
Recent Posts
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page