Property in California often exceeds national values across the spectrum, and many residents have substantial businesses or other holdings in assets, as well as international tax exposure. As successful persons mature, there is an increasing possibility that their estates exceed the threshold for filing an estate tax return. In addition, many California residents seek to pass wealth to their children or to help them build a business or finance an education. Gifting can be a beneficial tax strategy, if one understands the restrictions and gift tax implications. Our tax experts can help California residents plan to minimize estate, inheritance, or gift taxes wherever possible.