Many laws go into effect on January 1 every year. Although many new laws went into effect at the beginning of this year, not many of the new laws affect your estate planning.
Most people want to take care of their loved ones regardless of how much money they may have. Those who are wealthier than others often use Trusts to distribute money to their loved ones in a way that:
Most transfers (sales) of real estate trigger reassessment of the property by the county assessor, which usually means an increase in property taxes. Will transferring your house into your Trust trigger a reassessment and then higher property taxes?