Eric Bardwell of Jeffer Mangels Butler & Mitchell, right, and Carsten Hoffmann of Stout, left. Courtesy photos AB 2245: California's New Law and Its Impact on Estate Planning
"Whether you are the planner or the valuation expert, it is prudent to have a firm understanding of this new law, the protections it affords to your clients and the potential impact on value, and therefore planning opportunities," according to Eric Bardwell of Jeffer Mangels Butler & Mitchell and Carsten Hoffmann of Stout.
February 28, 2023 at 08:00 PM
7 minute read
Commentary
A recent California bill, AB 2245, is effective for actions for the partition of real property filed on or after Jan.1, 2023. The bill could potentially impact the rights of an undivided interest holder in California, thereby impacting the fair market value of an interest. This change is significant for understanding the rights of the undivided interest holder as well its implications for potential estate planning.
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