Santa Barbara Estate Planning & Elder Law

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The IRS announced a higher estate and gift tax exemption for 2025, rising to $13.99 million per person. However, these generous exemptions are set to expire after 2025 if Congress doesn’t act, so don’t get complacent. Watch our page for updates!

Prince's siblings are still fighting over his estate years later. Let's prevent that in your family. The simple solution? A clear estate plan that spells out your wishes. No hit song required—just a conversation with your attorney. Ready to talk? ??

Seniors, you’ll see a little more in your Social Security check in 2025. ?? A 2.5% increase is coming, adjusted for inflation. Here’s what to know

?? Taking control of tomorrow brings peace today. While end-of-life planning feels overwhelming, breaking it down into manageable steps can help: ? Document your funeral wishes ? Consider pre-planning options ? Share your decisions with family You don't have to navigate this journey alone. We're here to help you create a clear plan that ensures your wishes are honored and your loved ones are guided during a difficult time. ?? (805) 946-1550 ?? SbElderLaw.com?? #EndOfLifePlanning #PeaceOfMind #EstatePlanning

Important IRA inheritance change alert! Non-spouse beneficiaries must now empty inherited IRAs within 10 years—no more lifetime stretching. Plus, you'll need yearly distributions. Don't get caught off guard by these new rules. Let's help you plan ahead! ?

Got estate planning updates to tackle before year-end? ?? The clock is ticking! Whether it's the Corporate Transparency Act or preparing for potential tax changes, now's the time to get things in order. Don't wait—reach out if you need help.

While life insurance provides tax-free benefits to your loved ones, owning the policy yourself could increase your taxable estate. An Irrevocable Life Insurance Trust (ILIT) might be the solution to maximize protection for your family. Learn more:

Did you know you can include organ donation wishes in your estate plan? By documenting your intentions clearly, you ensure your final wishes are honored while giving someone else the precious gift of sight. ??? Let's discuss how to include these important healthcare decisions in your will or trust. Your legacy can illuminate someone else's world. ? ?? (805) 946-1550 ?? SbElderLaw.com

Is your estate valued between $7-14 million? You may be affected by the upcoming 2025 tax cut expirations. Before you make ANY decisions, such as giving away assets, let us help you explore all your options. Call us first!