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The Goralka Law Firm
Founder of The Goralka Law Firm, John M. Goralka assists business owners, real estate owners and successful families to achieve their enlightened dreams by better protecting their assets, minimizing income and estate tax and resolving messes and transitions to preserve, protect and enhance their legacy. John is one of few California attorneys certified as a Specialist by the State Bar of California Board of Legal Specialization in both Taxation and Estate Planning, Trust and Probate.
If President Trump gets his way, the days of the federal estate tax may be numbered — but if it's repealed, California may have an equivalent state tax ready to take its place.
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Potential tax-law changes may turn estate planning upside down, but you still need to make a plan as soon as possible.
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Consider taking some last-minute action to save your beneficiaries from having to deal with extra costs.
Even without his level of wealth or musical legacy, you should be sure to have a plan in place for everything you want to leave behind after you die.
You can also save money on net investment income taxes.
In addition to your monetary assets, you should consider what "value legacy" you plan on leaving to your heirs.