Robert Barton & Vivian M. Rivera, of Holland & Knight, report on new California legislation that impacts estate planning in 2020. Their article begins as follows:
- California Gov. Gavin Newsom recently signed into law a number of bills that will affect Trust and Estate attorneys, and which are effective as of Jan. 1, 2020.
- This Holland & Knight alert highlights several of the most interesting developments, including an increase in the maximum allowable amount for small-estate affidavits, the inclusion of broker-dealers and investment advisors as mandated reporters for elder abuse, and the elimination of a caretaker “loophole” in situations where a caretakers marries and inherits from an elder.
- Three new laws make changes to civil discovery procedures that will also affect all California litigators in the new year.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..