In this Vlog, Attorney Justin M. Kennedy discusses Proposition 19 which is on the November 3, 2020 ballot. Please note that our office is non-political and we will not express an opinion as to whether you should vote for or against the proposition. This vlog is to provide information about Proposition 19 and how if it is approved by the California voters, it would impact our clients and their estate plans. Proposition 19 is the Property Tax Transfers, Exemptions, and Revenue for Wildfire … [Read more...] about California’s Proposition 19 Ballot Initiative (VIDEO)
In this vlog, Attorney Justin M. Kennedy discusses California's Proposition 13. Litherland, Kennedy & Associates, APC, Attorneys at Law are members of the American Academy of Estate Planning Attorneys. If you would like to learn more about the importance of estate planning, we invite you to attend one of our free estate planning webinars. … [Read more...] about California’s Proposition 13 (VIDEO)
By: Matthew M. Shafae, Attorney Litherland Law Firm Am I going to owe taxes if I inherit property? We get this question all the time. And we don’t blame you. It can get confusing. So, let’s see if we can clear up this issue. Let’s segregate the different taxes that might be owed, and then we can see if anything will be owed. Estate Tax The estate tax—or death tax, as it’s sometimes called—is a transfer tax on assets transferred from someone who died to someone who is living. The tax … [Read more...] about Am I going to owe taxes if I inherit property?