I love Prop 13. I have been in the house for 30 years and still paying taxes largely based on the purchase price with a 1% or so yearly increase in the tax bill.

In the spirit of civics, civility, and collaboration Legals, Law, and Citizens caveat the Living Trust is a mistake inheritance thieves use to steal our grantees legacies. Fixing it with Notary Index Crime Enforcement Regulatory 33-year Reform Latin Law Administration Permission Trust Inheritance Security Network to trace, detect, and expose Estate Plan Forgers, dispatching 837PC Citizens and Sheriffs to respond and arrest Trust Counterfeiters, and Financial Elder Abusing Title Deed Thieves. Distinguishing Legals among their peers advancing their careers to NICER approved Administration Lawyers earning 850% more delivering crime free inheritance and legacy wealth transfers.

I was thinking about retiring in Peru, but after watching this video I think I'll stay put. Maybe live there for a couple of years and come back?

This video is literally a godsend. My mom lives in L.A. and is in poor health and qualifies for Medi-Medi. I moved to Portland, Oregon 33 years ago and comparing the benefits between the two states is mind blowing. I think there is another definition for “re-settler” - a California native who moved away for many decades and plans to move back to California.

The easy to forge Trust can cost every Penney we own, it cost our parents estate a quarter 25% to 50% in Litigation and the Estate planner ran from the Plan. We recommend a Notary Index Crime Enforcement Regulatory 33-year reform Latin Law Crime Interdiction Administration. With a Forgery Proof Permission Validation Trust, going global soon to advance Administration Lawyers careers in a Global Pro Bono backup Arbiter Trust Advisor Network avoiding Financial Elder Abuse. So, clients can move, and Lawyers can retire with Fiduciary peace of mind. Parents will happily pay a Grantors Prebate Nickel or Grantees Probate Dime to avoid a Trust Litigation Quarter.

Clients are waking up to the reality Prop 19 is the lease of our worries, caveating Trust Forgers and Counterfeiters are using estate plan documents to steal our grantees Legacies. Warning to acquire the Notary Index Crime Enforcement Regulatory 33-year reformed Latin Law Crime Interdiction Administration. With a Permission Validated NICER Certified inheritance distribution and Settled Administration. Distinguishing Legals among their peers advancing their careers to NICER approved Administration Lawyers earning 850% more than Estate Planners. With histories most valuable Legal Niche, a NICER Forgery Proof Permission Trust Inheritance and Legacy wealth transfer.

Clients Caveat the Estate Plan opens the door to Forgers, Fraud, and Financial Elder Abusers costing 100% in crime, or our family a Quarter 25 to 50% in Litigation, and the Estate Planner who promised peace of mind refused to help. So, clients will choose to accept an alternative 33-year reformed Latin Law Crime Interdiction Administration. With Notary Index Crime Enforcement Regulatory Authorized Administration Lawyer's defending families with Arbiter Permission Validated, NICER Registry Certified Living Trust. To warn, trace, and expose Estate thieves, dispatching Citizens and Sheriffs who will respond and 837PC restrain inheritance crime with citizens' rights to arrest Legacy Thieves.

Call your office Larry answer your phone I thought you are in woodlands hills

Great video! One thing I think worth mentioning is the Capital gains tax on sale of home with the $500K exclusion at Fed and State level. Works in your favor if only $500K gain but against you heavily if the excess gain triggers your income to move up several brackets and thus you can be paying another 9-12% on the excess gains on the CA side. Not uncommon for a house bought at $350K and sold at $1.5M. That severely taxed cap gain portion above the $500K exclusion in this scenario is $650K which gets hit already at 15% and then a portion at 20% by the Feds and the gain automatically throws you into the 9.3% California tax bracket without even considering other income so you may jump into the 10.3% pretty easily.. this was based on joint tax tables 2023. Maybe a video would be good on CA gets you on this on, eating away your Cap Gain profits. Additionally there are a series of “Transfer” fees when selling at the State, County and sometimes City level that further eat away on the gains of a real estate sale. Don’t know how this all compares to other states with similar income tax ranges so your mileage may vary in that case. Hopefully I stated all this correctly here.

3:00 probate in CA is based on the GROSS VALUE of assets! Whoa!. That means regardless of any debt you carry the fee is based on the asset value NOT the net worth!

Your Bucket Trust is only the first step in an administration, full of holes and costing us everything we own so contact us after you get authorized by Notary Index Crime Enforcement Regulatory. We the clients choose to accept their 33-year reformed Latin Law Crime Interdiction Administration with a Permission Validated NICER certified crime free inheritance transfer, adding 837PC Citizens and Sheriffs on-call to respond to and arrest your warned, traced, and Permission Trust exposed Estate Plan forgers, Trust Counterfeiters, and greedy trustee Financial Elder Abusers.

Bought a home in 2010 Sold in 2018 to help my elderly folks out of state Now, 2024, looking to go back to cal. Can prop 19 help me with lower tax from my original 2010 purchase, or am I out of luck because I left cal for 6 years?

I think what you're saying is- California is a good place to retire IF you already live here and own property in an area where property values have gone up and are valuable. I grew up in San Gabriel Valley. I couldn't afford to live there now without selling my current property. I now live in a valuable area of San Bernardino County where home prices (07/24) are higher than I would pay, but many rural areas in California are affordable still today, especially when you price in, as Cunninghamlegal has pointed out, the climate and AMAZING natural beauty California has. To me, it is pretty priceless. I've never lived anywhere else so I'm not one to compare, but waking up to the sun, beautiful mountains, weather that calls you outside, beaches, rivers... How much is that worth? I'm blessed where I am, not letting our crappy politics kick me out, and have no plans on leaving.

Thank u!

What alternate trustee options are there for someone who has high -risk beneficiaries and no one personal who wants to take on responsibility of trustee?

May I please ask - is there a requirement for trust protector to be a Cayman resident? Thank you.

Can you avoid California property tax reassessment when tranferring a property with a mortgage into an LLC? Trying to get our ducks in alignment before scheduling a meeting with you to form and LLC for existing beach house property. Wife and I have both read your book and our 3 adult kids are being given copies of your book.

I've been trying to get my father to make a will, since he inherited property from my grandparents. But he is deaf and can only communicate by ASL. Are there any attorneys that are also fluent in ASL or would we need both an attorney and an interpreter? Also, there is a lot of legalese that would need to be explained to my dad for him to understand that all these things mean. Do you have any recommendations?

What if the will, banks and probate is being transacted overseas, in order that the net inheritance can be delivered to the USA? Is the money then free of any additional legal reporting? Currently, my inheritance is being held at an overseas bank which has a fixed rate of payment required before the inheritance can be wired into my local credit union here in Oregon or to another credit union which I have an account at in California. Is it then free to be used and placed into a living trust here in California or Oregon? I spoke with one of your staff about my challenges and have not yet heard back about whether you may be able to help me. Please let me know if you have interest and capability to aid in the transfer of my inheritance. Thank you.

If the trust is used solely for ease of liquidation of the primary residence compared to probate, and all other financial accts pass outside of it via beneficiary/POD designation, what is the best way to provide ready cash for the trustee heir to use for legal assistance, maintaining the home, any tax liability and so forth ? A separately funded trust bank acct?

California is a Democrat shithole. Stay away

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

I believe Trump will extend them

I'm 61 and retired about 3 years ago, 15year mortgage was paid off in 10 years. I have lost 45 pounds, and my blood pressure has dropped into normal range. A take a walk or bike ride almost every day. I make music and art, garden, cook, read, write, travel, and get to follow my muse wherever it may lead me. I haven't been this happy and healthy since childhood. Retirement is paradise to me.

Instructive. Thanks for sharing!

At what estate value does it make sense to hire your firm for legal services related to estate planning and tax planning strategies?

LOL California is a fantastic state to retire only when you have lots of.. I mean lots of money.

Very informative, Thank you

No asset test for Medi-Ca is crazy!!!

Great video. For all the hardships of subsisting on SSDI, it's worth it to me because of the Medi-Medi care, full variety of healthcare services available for my chronic psych and physical needs. I grew up and have lived here most of my life, so I'm accustomed to the natural beauty, diversity of people and their cultural contributions, diverse cuisine options and fresh foods galore, the social commitment to and respect for education, and a friends network I would be loath to abandon, even while many of my dearest have moved elsewhere to raise families and nearly all my family in the region died off.

Any idiot that thinks the Golden Gate Bridge is "natural beauty" should be deleted for spreading disinformation.

"Pros"? You gotta be kidding me! I lived in Crazy-fornia for 35+ years and relocated out as soon as I was able (10 years ago). The inmates there have LITERALLY taken over the asylum. Ever increasing taxes and bonded indebtedness by the left-wing (Democrat) state government; adding more benefits & services for illegals (oops, I mean undocumented immigrants). Governor Gavin (The Nuisance) Newsom--Nancy Pelosi's great nephew through marriage--is back living in the 1970's, knowing only how to increase taxes and the size of government. Although California has the highest corporate, personal, sales and gasoline taxes in the nation, infrastructure is crumbling. But at the same time, the legislature decided to fund the "high-speed rail" train to nowhere pork-barrel project, which ballooned from its original budget of $25 billion to nearly $70 billion, at last count. They finally gave up and suspended the entire hairbrained project. Air pollution, urban sprawl, homelessness, crime and gang violence are all out of control. We said, "Enough!" and relocated to *******, and have never had any cause to regret our decision. Our adopted home has a much smaller, less intrusive state government, along with modest, reasonable taxes, and is VERY friendly to retirees. And the violent crime rate is minuscule compared to CA. People here can still leave their cars unlocked at the local shopping mall--I don't, too many years of living in CA, I guess. Any middle class people that still persist in staying (or retiring) in California deserve what's coming to them. Personally, I think you must be on the payroll of the California Chamber of Commerce.

You forgot to accompany those beautiful pictures of the mountains in California with the corresponding fire insurance bills. I’m paying $11,000 a year for fire alone. That doesn’t include any other property damage or earthquake insurance.

Up until recently, I was dead set on moving to Henderson/Summerlin, NV in 14 years at age 60.5. Then I kept reading about how bad the healthcare system was there. Now I'm thinking it's not such a great idea to move from a quality healthcare city (San Diego) to one of the worst during a time when I'll increasingly need healthcare more. So I'm thinking I'll stay.

Interesting that some arguing for California for retirement. Looks like cost of living is the biggest risk but if you can bear that, the weather, food, and everything else seem pretty good

Jim: Thank you so much for all these helpful and informative videos. My question relates to Capital Gains with low income. For example, if I sell $50,000 of stock (assuming $40,000 is the capital gains, $10,000 cost basis). Does this $50,000 count income for this year? In other words, if I have $20,000 of income from interest and dividends for this year, is my income $70,000 ($50k + $20)?

Did you say there is No Capital Gains in California????? Please advise Thank you

I believe we will be inside a new financial system QFS I fear Nothing. 🙌🏼

I believe bonus depreciation for 2023 is 80%

Every state is different on tax of IRA withdrawals. For example in MA you get a tax deduction when contributing to 401ks but not IRAs so upon distribution you pay tax on 401k withdrawals but only pay tax on the IRA gains not the contributions to the extent they were already taxed in MA.

My house and money in the account will go 100% to an Animal charity. Could I just named the Animal charity as a beneficiary without any executor?

Standard deduction decrease is offset by return of personal exemptions

1. No one knows what will happen in 2026. It could revert or be extended. Can’t assume either. 2. In low brackets the difference is minimal if below AMT and standard deduction

Is this a joke? 80% Hispanic and climbing. Nothing against Hispanic people, but when 20% or more are illegals, that is a real problem. No thanks.

GDP should be measured in Trillions not Billions

I'm a lucky one. Live in Northern Calif. Decided decades ago after divorce to live way, way below my means and save and invest. The small city I live in is more affordable rent-wise and safe. Retired 4 years ago and living a level of freedom that can't be articulated, it has to be lived to be fully understood and appreciated. I answer to NOONE. No boss, no wife, no girlfriend. People ask how I've achieved my financial stability, and I reply, "I never re-married." Smiles!

What About IRMAA in CA?

Two words. Gavin. Newsom.

28:00 is reimbursement amount based solely on the probated estate or the entire estate? Thanks!

Retirement in Canada, it can be pricey, but there are definitely affordable areas outside the big cities. Plus, no state tax on Social Security!