Extra Estate Planning Needed This Year

The New York Times ran an article last month describing the effect of suspending the estate tax so that no death tax is owed for those dying in 2010. Concepts like losing the step-up in basis and the application of capital gains taxes are explained. The article advises readers to update their wills, living trusts and other estate planning documents to take into account the changes in the laws applying to death taxes.

Call your California estate planning attorney now.