Navigating Capital Gains & Inheritance: Senior's Property & Tax Strategy
About this Event
Are you or your aging parents wondering what to do with the family home?
Join us for a free, interactive, actionable detailed seminar on navigating capital gains and inheritance strategies. Learn how to legally minimize taxes on long-time primary residences and investment properties, seamlessly pass down wealth, and protect your estate from family disputes to save time and money.
Who's this for?
Seniors, anyone who has parents that need help planning inheritance, seniors with investment properties, downsizing, moving into senior living, navigating investment properties & strategy.
Protect your inheritance and real estate
Whether you plan to age in place, downsize, or pass the property on to your children, understanding California tax laws and estate planning is critical. Join local Roseville Realtor Vincent Gonzales and Tax Advisor's Peter Gaylord for a complimentary, educational seminar.
We will clarify capital gains, explain the step-up in basis, and share actionable strategies to preserve your family’s hard-earned equity. Protect your legacy and gain the peace of mind you deserve!
Agenda
11:00AM Kristin Kaminski Trust/Wills intro
11-11:05AM Vincent Gonzales Realtor intro & real estate update
11:05-11:45AM Peter Gaylord tax seminar
11:45-12PM Q&A
12PM Lunch (Veggie & meat Sandwiches)
Seminar Outline & Takeaway items
Part 1: Aging Gracefully & Housing Transitions
Aging in Place vs. Downsizing: How to evaluate if your current Roseville home is still serving your needs, or when it’s time to transition to a smaller, single-level home, assisted living.
Capital Gains Exemptions: Explain the IRS $250,000 (single) or $500,000 (married) primary residence capital gains exclusion. Go over equirement of living in the home for 2 of the last 5 years.
California Property Tax Portability (Prop 19): Explain how seniors over 55 can sell their primary residence in Placer County and transfer their low, existing property tax base to a new replacement home anywhere in California (up to 3 times).
Part 2: Tax Implications & Inheritance Strategies (The Tax Advisor's Focus)
Stepped-Up Basis at Death: Explain how inherited property receives a stepped-up basis to current market value, effectively wiping out the decedent’s capital gains tax liabilities.
Gifting vs. Inheriting: Discuss the tax consequences of gifting a home to children before death (which can trigger gift taxes and the loss of the step-up in basis) versus passing it through an inheritance.
Trusts vs. Wills: Briefly outline how a Revocable Living Trust protects your family from the time and expense of California probate court, ensuring your inheritance strategy is executed privately and exactly as intended.
Part 3: The Family Conversation & Action Steps
Involving the Family: Tips on how seniors can communicate your estate and real estate wishes with your children to prevent family disputes.
Checklist for Success: Providing an actionable checklist (e.g., updating beneficiaries, consulting an estate attorney, organizing property deeds).
Speakers
Peter Gaylord, Tax Advisor, CFA, EA | 279-222-1730
Top local tax advisor in Roseville helping families minimize taxes and strategize taxes.
Vincent Gonzale, Keller Williams Realty Roseville | 916-607-2114
Seniors Real Estate Specialist helping seniors navigate the selling process from declutter, movers, staging to simplify seniors moves!
548 Gibson Dr, Ste 200
Roseville, CA 95678
Where is it happening?
Event Location & Nearby Stays:
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