• Bryan D. Eisenbise, Esq.

Updated Small Estate Value and Estate and Gift Tax Exclusions for 2020.

A few updates of some important numbers in the estate planning world taking effect on January 1st.


California Small Estate: Probate Code §13100 increases the allowable value of personal property to transfer under an Affidavit of Small Estate (avoiding probate) to $166,250 (up from $150,000).


Estate Tax Unified Credit: Internal Revenue Code §2010 increases the credit amount allowed to the estate of an individual decedent to $11,580,000 (up from $11,400,000). Through proper planning, a married couple can transfer up to $23,160,000 without any Estate Tax exposure.


Gift Tax Exemptions: Internal Revenue Code §2503 does not see any change in the annual exemption of individual gifts to any person, and remains at $15,000. Any annual gifting above that amount (per giver, per recipient) goes against the Unified Credit above.



Proudly Serving All of the Great State of California.

© 2020 Bryan D. Eisenbise, PC.

  • LinkedIn
  • Twitter
  • Facebook

IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

DISCLAIMER:  The content of this website is intended to convey general information about Trust Legal Group and Bryan D. Eisenbise, Esq.  It should not be relied upon or construed as legal advice or services, and is not a substitute for legal advice from qualified counsel.  Nothing on this website should be construed as an offer to represent you. Your use of this website does not create an attorney-client relationship between you and Trust Legal Group or Bryan D. Eisenbise, Esq.  This website contains an e-mail address and direct contact information for Bryan, who is a California licensed attorney.  However, neither the act of contacting Bryan electronically nor the content of any e-mail sent to Bryan will create an attorney-client relationship. Unless you have an attorney-client relationship with Trust Legal Group or Bryan D. Eisenbise, Esq., any information you send us will not be treated as confidential. Do not send us confidential information unless you have been authorized to do so by Bryan or have a pre-existing attorney-client relationship with Trust Legal Group or Bryan D. Eisenbise, Esq. as documented in an engagement letter.  Our principal office is in Irvine, California. This Website is not intended to seek professional employment, and is not intended to communicate to any individual or entity in any state other than California.