The Following is a Transcript of this Video. For More Information, CLICK HERE

Hi, this is Keith Davidson from Albertson & Davidson.  In this video, we’re discussing real property taxes. When a person passes away and they transfer assets, real property, from themselves to their children, under California law, the children are allowed to

Albertson & Davidson, LLP is pleased to announce the addition of attorney Mark D. Perryman to the firm as a partner.  Mr. Perryman focuses his practice on Trust, Will and Probate litigation.  He also helps clients in estate planning, trust administration and business litigation.  

Mark D. Perryman

“I chose to join Albertson & Davidson because they share my

I have heard it a million times before: “I don’t need a Trust because ____________” you fill in the blank: I don’t have enough money, I won’t care when I’m dead, California probate is easy, my wife and I own everything in joint tenancy…there’s many, many excuses and misinformation regarding Trusts in California.

iStock_000016768581_ExtraSmall.jpg

In California,

Death may be certain, but estate taxes are not.  At least not at the end of 2012 when the current Estate Tax exclusion of $5.12 million is set to expire and be automatically reset to $1 million.  With proper planning, married couples can combine their exclusions for a total amount in 2012 of $10.24 million.