Avelino Law Firm

(916) 941-6100

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  • Wills and Trusts
  • Real Estate
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    • Home
    • Wills and Trusts
    • Real Estate
    • Business
    • About Us
    • Contact Us
Avelino Law Firm

(916) 941-6100

  • Home
  • Wills and Trusts
  • Real Estate
  • Business
  • About Us
  • Contact Us

Welcome to The Avelino Law firm

Welcome to The Avelino Law firmWelcome to The Avelino Law firmWelcome to The Avelino Law firm

PC

Welcome to The Avelino Law firm

Welcome to The Avelino Law firmWelcome to The Avelino Law firmWelcome to The Avelino Law firm

PC

COVID-19 Update:

Due to COVID-19, all appointments must be scheduled over the phone. Office visits must be appointment only.

Find out more

Our Services

Wills and Trusts

Business Formation

Wills and Trusts

Prioritize your family by preparing your estate plan to ensure the security of your assets and so that your legacy moves on.


Learn more

Real Estate

Business Formation

Wills and Trusts

Our law firm can assist you on your real estate investments when dealing with contracts.

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Business Formation

Business Formation

Business Formation

Thinking about starting your own business? We will assist you in registering for the licence and draft bylaws for the corporation.

Learn more

Contact Us

By Appointment Only

Office visits are by appointment only.

Avelino Law Firm PC

5000 Windplay Drive Suite 3, El Dorado Hills, CA 95762,

Phone: (916) 941-6100/ Fax: (916) 357-7387

Information

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Summary of New Estate Plan Law Changes

  • The new tax law has many changes that can affect your estate plan.  The exemption for 2020 increased from $11,400,000 to $11,580,000 and up to $23,160,000 for married spouses..  Please note that in 2026, the exemption will revert back to 2017 levels.  The gift tax exemption remains at $15,000 per person.
  • Small Estate without administration was increased from $150,000 to $166,250.  See Probate Code Section 13100.
  • SECURE ACT ended "STRETCH" feature in IRAs and Retirement Plans.  Consult with your estate planning attorney.

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Summary of Real Estate Law Changes

California was heavily impacted by the new tax law.

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Call us for a free Initial consultation today.

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SECURE ACT

President Donald Trump signed the SECURE ACT into law on December 17, 2019, and it became law on January 1, 2020.  The SECURE ACT made important changes to retirement plans:


1. Effectively removed the "STRETCH" feature in IRAs and other retirement accounts.  Now, non-spouse beneficiaries must withdraw the retirement benefits within 10 years after settlor passes.  Consult with your estate planning attorney regarding how this change can affect your retirement when you pass.

2.  RMD has been changed from 70 1/2 years of age to 72.

3.  The age limit for IRA Contributions has been removed.

4.  New parents maybe able to take penalty withdrawals.  Consult with your tax adviser first.

5.  Long-term part-tiime employees may be able to eligible  for 401k plans

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