2019 LEGISLATION: THE COST TO BE A LAWYER JUST GOT HIGHER AND OTHER IMPORTANT LEGISLATIVE UPDATES FOR TRUSTS AND ESTATES PRACTITIONERS
By Kristen E. Caverly, Esq. and Lisa B. Roper, Esq.*
With important, controversial new laws like rent control, allowance of pay to student athletes, and mandatory disclosure of tax returns by presidential candidates grabbing headlines, a trusts and estates practitioner might be lulled into thinking that the biggest news impacting our practices is that an estate tax was not adopted this year in Californiaânot so. In addition to Bar dues increasing for the first time in recent memory, the long overdue adoption of higher values for small estate administration, and expansion of mandated reporters of elder financial abuse, there are many new laws effective January 2020 that could significantly change our practice.
This article highlights many of those new laws that have been followed closely by the California Lawyers Association, Trusts and Estates Executive Committee ("TexCom"). Since all the new and amended laws cannot be covered in detail, at the end of the article there is a chart of additional bills that TexCom has been following and which might be of interest in your area of specialization.
I. TRUST AND ESTATE ADMINISTRATION