Is Your Estate Ready for Prop 19? Learn How to Protect Your Property and Your Heirs' Financial Future.
Description:
In this episode of the Jones Zone, Darryl Jones is joined by expert guest Stephanie Kitzes, a business and estate planning attorney with years of experience. They dive into the world of estate planning and discuss its importance for homeowners, highlighting the benefits of having a trust and the potential pitfalls of probate. Stephanie shares valuable insights on protecting assets, minimizing taxes, and maximizing the value of estates. Whether you're a real estate investor, homeowner, or simply planning for the future, this episode offers crucial information to navigate the complex field of estate planning.
Episode Highlights:
- Stephanie Kitzes’ journey into estate planning and the importance of comprehensive planning
- Understanding the scope of estate planning beyond post-mortem distribution
- The challenges and consequences of probate and the benefits of having a trust
- Protecting homes and assets from potential creditors and legal claims
- Minimizing taxes and maximizing the value of estates through strategic planning
- Exploring the concept of a step-up in basis and its significance for inheritances
- The impact of Proposition 19 on property taxes and primary residences
- Using trusts to provide for lifetime rights and protect inheritances
- The role of estate planning in minimizing conflicts and ensuring your wishes are carried out
Key Questions Asked:
- What is estate planning, and why is it important for homeowners?
- How can homeowners protect their homes and assets from potential creditors or legal claims?
- How can estate planning help homeowners minimize taxes and maximize the value of their estates?
- What are the implications of Proposition 19 on property taxes for homeowners?
- How can estate planning ensure that a person's wishes are carried out and minimize conflicts among heirs?
Guest Information:
Stephanie Kitzes - Business & Estate Planning Attorney
Website: kitzeslaw.com
Phone: (949) 517-2275
Email: stephanie@kitzeslaw.com
Please note that the information provided in this episode is for general knowledge, and listeners are encouraged to consult with a qualified estate planning attorney for personalized advice based on their specific circumstances.
Contact Darryl:
Darryl & JJ Jones Real Estate
Email: darrylandjj@gmail.com
Phone: (714) 713-4663
