Generation-skipping transfer tax in Camarillo

The Generation-Skipping Transfer Tax (GSTT) is a federal tax in the United States designed to prevent wealthy individuals from avoiding estate or gift taxes by transferring assets directly to their grandchildren (or younger generations), thus “skipping” the generation of their children. Without this tax, individuals could sidestep taxation at the intermediary generation (their children) and reduce overall estate taxes.

The GSTT applies to transfers made directly to a “skip person” (e.g., a grandchild or unrelated person 37.5 years younger) or to a trust benefiting such individuals. It has a flat tax rate, equal to the highest federal estate tax rate (currently 40%), in addition to estate or gift taxes.

However, each individual has a lifetime GST tax exemption (as of 2023, $12.92 million) that allows for tax-free generation-skipping transfers up to that amount. Transfers exceeding the exemption limit are subject to the GSTT. This tax ensures that wealth transfers across generations are still subject to taxation at appropriate points. in Camarillo

 

I’m Estate Planning Attorney Eric Ridley, and I’m an un-stuffy Camarillo lawyer – Generation-skipping transfer tax

I don’t bite and I’m not mean.

Set up your free consultation with me and let’s talk about your Generation-skipping transfer tax needs in Camarillo or anywhere else in California

I promise to answer your questions, and not to overwhelm you with jargon.
Click here to set up a free, friendly, in-depth, no-pressure legal consultation!

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Camarillo Estate Planning Attorney — Eric Ridley

You’ve worked hard to build a life, a legacy, and maybe even some wealth.

Now it’s time to protect it.

I’m Eric Ridley. I help people in Camarillo and across the county create clear, legally sound estate plans that make life easier for their families—and harder for the courts, creditors, and anyone who wants to challenge your wishes.

Whether you’re planning for the future, handling a loved one’s estate, or facing a legal dispute, I’ll guide you every step of the way.

Call now: 805-244-5291

Let’s talk about your estate plan, or about Generation-skipping transfer tax.

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Estate Planning Services

You don’t need a law degree to create a great estate plan. You just need a guide who will listen, explain things clearly, and give you options that make sense for your life.

Here’s how I help:

Wills and Trusts

Want to make sure your assets go to the right people, without court delays or family fights?

I’ll help you:

•Write a will that’s clear and enforceable

•Set up a revocable living trust to avoid probate

•Create a backup plan for kids or vulnerable family members

•Make updates when your life or goals change

Don’t leave your family guessing. A well-crafted plan gives them clarity—and peace of mind.

Asset Protection in Camarillo

Worried about lawsuits, creditors, or long-term care costs wiping out what you’ve built?

I can help you:

•Set up asset protection trusts

•Separate high-risk assets from safe ones

•Protect inheritances for children and grandchildren

•Reduce or avoid estate taxes legally and strategically

We’ll structure things the right way—before a problem ever shows up.

Powers of Attorney and Advance Health Directives

If you’re ever unable to make decisions, someone will have to make them for you.

The question is—who? And will they know what you want?

I’ll prepare the legal documents that:

•Name someone you trust to manage your finances or health care

•Give doctors and banks the authority they need to work with your agent

•Keep your family from arguing or guessing in a crisis

You stay in control—even when you can’t speak for yourself.

Special Needs & Charitable Trusts

Do you support a loved one with disabilities? Want to leave money to a cause you care about?

I’ll guide you through options like:

•Special needs trusts (to preserve benefits)

•Charitable remainder or lead trusts (to support nonprofits while reducing taxes)

•Inheritance planning for blended families or second marriages

Your values and goals deserve to outlive you.

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Probate Services in Camarillo

Probate can feel overwhelming.

There are forms, deadlines, court hearings, asset inventories, tax issues, and family tension. If you’re the one in charge, the pressure is heavy.

I’ll help you:

•Understand your legal duties as executor

•Get the estate through probate with as little stress as possible

•Avoid mistakes that cause delays or personal liability

•Resolve disputes with heirs or creditors

Most people only go through probate once. I do it every day. Let’s get it done right.

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Why Work With Me?

• I talk like a real person, not a legal memo.

• I work remotely—no office visit required.

• I’m hands-on, responsive, and don’t pass you off to staff.

• I’ve helped hundreds of families plan, protect, and pass on what matters.

• I focus on giving you clarity—not confusion or paperwork.

Your estate plan should work.

It should reflect your values.

And it should make life easier for the people you love.

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Ready to Protect What Matters?

Call 805-244-5291 to schedule a free consultation.

No pressure. No jargon. Just real solutions and straight answers.

I’m Estate Planning Attorney Eric Ridley, and I’m an un-stuffy lawyer.

I don’t bite.

Set up your free consultation with me and let’s talk about your Generation-skipping transfer tax needs in Camarillo or anywhere else in California

I promise to answer your questions, and not to overwhelm you with jargon.

Click here to set up a free, friendly, in-depth, no-pressure legal consultation!

Camarillo, a vibrant city in Ventura County, is a delightful blend of scenic beauty and small-town charm. Known for its pleasant climate, residents enjoy sunny days and mild winters, making it an ideal location for outdoor enthusiasts. The city is sprinkled with picturesque parks, offering ample opportunities for hiking, picnicking, and enjoying nature’s wonders.

Camarillo is famous for its premium outlets, drawing shoppers from all over Southern California, while boutique shops and local eateries line the streets, creating a lively downtown atmosphere. The annual Camarillo Ranch Heritage Foundation events celebrate the city’s rich agricultural history, inviting families to partake in seasonal festivals and community gatherings.

Surrounded by rolling hills and vineyards, the city’s landscape is a canvas of green and gold, with a backdrop of the majestic Santa Monica Mountains. This dynamic community thrives on a spirit of togetherness, where neighbors greet each other with friendly smiles, and local farmers’ markets showcase the freshest produce. With its unique blend of culture, recreation, and history, Camarillo is a charming destination that captures the essence of California living.

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