California Estate Tax May Reach 2020 Ballot
Estate taxes have been less and less of a concern due to the steadily increasing exemption, which is currently $11.4 million per individual and $22.8 million for a married couple. However, that all may be changing for California residents come 2021. A new Senate Bill, SB 378 (Scott Wiener), will propose a separate state estate tax for California residents with estates above $3.5 million, as explained in the LA Times Article “California voters could be asked to impose an estat