Article
Source: Chambers and Partners
Article
03.25.26
In an article co-written by Pillsbury Trusts & Estates attorneys Jennifer Jordan McCall, Matthew Perotti and Ashley Huh for Chambers and Partners’ Comparisons Global Practice Guide, the authors provide a comprehensive overview of California’s succession planning framework, examining both California law and the federal tax rules that govern trusts, estates and wealth transfers. The article addresses key considerations including residency and domicile, marital property regimes, wealth transfer taxes, fiduciary obligations, and succession planning for family businesses, digital assets, non-traditional families and cross-border estates. It also highlights the legal, tax and practical considerations that can affect the preservation and transfer of wealth across generations.
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In another article contributed by McCall, she examines emerging trends and recent developments impacting California estate planning and highlights the importance of proactively updating estate plans in response to evolving laws, tax considerations and family dynamics. The article discusses key topics including changes to guardianship and conservatorship rules, Medi-Cal planning, increased estate and generation-skipping transfer tax exemptions, fiduciary selection, and recent case developments, emphasizing the importance of clear and thoughtful planning to help preserve client intentions and minimize disputes among beneficiaries.
To read the full article, click here.