
Estate Planning Challenges Unique to Newport Beach
Community property state - All assets acquired during marriage are jointly owned. Can impact wills and trusts.
High estate taxes - California estates exceeding $11.7 million face high estate taxes in 2022. Proper planning is essential.
Probate process - Assets not in a trust must go through lengthy court-supervised probate process upon death.
For More Information Please visit, estate planning law firm Orange County