INSIDE THIS ISSUE

2024 LEGISLATION: NEW LAWS THAT TRUST AND ESTATE PRACTITIONERS SHOULD KNOW
By Kristin L. Yokomoto, Esq. and Mara M. Mahana, Esq.
The authors summarize the new 2024 legislation that most impacts trust and estate practitioners. TEXCOM is responsible for two new laws added to the Probate Code covered in this article that significantly impact planning and administration.

ASSEMBLY BILL 2016: A STUDY OF NEW LEGISLATION
By Lisa B. Roper, Esq. and Kristen E. Caverly, Esq.
The California Legislature has streamlined the probate process for smaller estates with real property valued at $750,000 or less and/or personal property valued at $184,500 or less. This article analyzes the legislation and its potential impacts.

THE ENDING FOR CALIFORNIA RESIDENTS? CALIFORNIA TAXATION OF INCOMPLETE GIFT NONGRANTOR TRUSTS
By Kirsten Wolff, Esq. and Paige S. Voorhees, Esq.
California Revenue and Taxation Code section 17082 directly impacts the continued efficacy of incomplete gift nongrantor trusts ("INGs") and the tax benefits that were previously attendant to them. The article discusses the new law in detail and provides ideas for dealing with INGs under the new regime.

NAVIGATING THE COMPLEXITIES OF FINE ART AND COLLECTIBLES FOR FIDUCIARIES
By Jaime B. Herren, Esq. and Simon A. LeBleu, Esq.
The authors provide guidance for legal practitioners and fiduciaries with respect to the planning and administrations of estates containing both tangible artwork and non-fungible tokens.