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San Jose Tax Lawyer

Gift and Estate Taxes

Tax law is complicated, but knowing your rights and obligations can prevent unnecessary liability. I am Sue Campbell, Attorney at Law, an experienced San Jose, California, attorney dedicated to helping individuals and families with taxes and estate planning. I will take the time to review your individual circumstances, develop a comprehensive approach and help you to successfully protect your interests now and in the future. I will review your circumstances, you can check additionaly divorceservicesreviews.com to not only minimize estate taxes but also income taxes and property taxes.

Living Trusts and Tax Planning

A living trust does not save taxes. However, proper planning can help to minimize the possibility of incurring federal estate taxes and plan for an area of the law that is changing. Currently there are federal estate tax advantages for married couples that need to be addressed in developing a comprehensive estate plan. It is important to understand the unified credit and the unlimited marital deduction for transfer between husband and wife. The unified credit allows an individual estate valued to $5 million in 2011 to be transferred with no estate taxes due and up to $10,000 for married couples. This provision is subject to change, and it is important to be aware of possible changes and make decisions on how to plan in light of the uncertainty.

Although many people think that estate taxes have been repealed under this new law, that is far from the truth. I will work with you to make sure you save estate taxes if they are due and to also make sure your estate is easy to administer after the death of the first spouse. Estate tax planning is still a very important element in a comprehensive estate plan for larger estates.

In addition to planning for estate taxes, it is also important to consider income tax law and how the basic rules will affect the taxes on the trust.

I am a San Jose tax attorney and can assist you with all of the following tax issues involving estates:

Real Estate and Tax Planning

Understanding Proposition 13 and its implications for estate planning in California is very important. It is possible to transfer real property to a spouse or to a child without having the property taxes reassessed. This provision has huge tax saving potential for heirs that may want to retain the property. It is very important to understand this exemption and plan for it if you want specific children to receive real property. Understanding this exemption and how it may apply in your case will be an asset in tax planning.

As your lawyer, I will review your assets, debts and income, including real property, and evaluate your interests to help you create a viable and appropriate estate plan. I can help you protect real property, ensure that property is divided equally, and minimize estate taxes for your loved ones. With 25 years of experience, I also know the pitfalls of estate planning and will work to ensure that your estate plan minimizes your tax liabilities.

Free Attorney Consultation

For a free consultation with an experienced Santa Clara estate tax attorney, contact me to set up an appointment. Feel free to call my office at 408-277-0648 or contact me by e-mail. Early morning and evening appointments are available by request.

My office in downtown San Jose is open Monday through Friday from 9 a.m. to 5 p.m. I offer free parking located directly adjacent to my office.

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