Estate Taxes in Santa Rosa, CA

Counsel from a Sonoma County Estate Planning Lawyer

At Gullotta Law Group, our Sonoma County estate planning attorney has 15 years of experience as a CPA and a master's degree in taxation. We can handle your probate matters, review the impact of certain documents on the estate tax return and prepare the actual returns. In addition to assisting executors and personal representatives with probate, our team can help reduce the size of your estate to minimize or eliminate estate tax.

If you own a significant amount of property, estate tax may affect your loved ones' inheritance. Estate taxes are placed on the property you transfer at your death. Your property can include the following:

  • Money
  • Real estate
  • Insurance
  • Trusts
  • Annuities
  • Other assets

After deductions are accounted for, the taxable gifts the decedent made while living are added to the taxable estate to determine the estate taxes placed on the property. It is no longer mandatory to file a California Estate Tax Return for decedents that die after 2004.

Note: Most estates do not face estate tax, and only those estates valued at over $5.25 million will face federal estate taxes in 2013.

Deductions that Reduce Estate Tax

The size of the estate can be reduced through certain deductions. One of the most often used is the marital deduction, which allows the surviving spouse to receive property that is in the gross estate outright. Assets left to charity are deductible from the gross estate. Mortgages, debt, administration expenses of the estate and losses during estate administration are also deductible.

Reasons to Hire Gullotta Law Group

To handle estates and the probate process, most people obtain the services of attorneys and CPAs, according to the IRS, but at Gullotta Law Group all of these services can be obtained under one roof. In addition to assisting executors and personal representatives with probate, our team can help reduce the size of your estate to minimize or eliminate estate tax.

To learn more about your legal options, take advantage of our free case evaluation!

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