Step-up in basis planning in Camarillo

Step-up in basis planning is a tax-efficient estate planning strategy aimed at minimizing capital gains taxes for heirs when they inherit property or assets. When a person passes away, the cost basis of their assets (such as real estate, stocks, or other investments) is “stepped up” to the current fair market value as of the date of death. This means that any appreciation in value during the decedent’s lifetime is not subject to capital gains tax.

For example, if a person bought an asset for $100,000 and it is worth $500,000 at the time of their death, the basis of that asset is stepped up to $500,000 for the heir. If the heir later sells the asset for $520,000, they would only pay capital gains tax on the $20,000 appreciated since inheritance rather than the full $420,000 gain.

Estate planners often incorporate step-up in basis strategies when structuring asset ownership and transfer to reduce the future tax burden on beneficiaries. This is particularly useful for assets with significant unrealized appreciation. in Camarillo

 

I’m Estate Planning Attorney Eric Ridley, and I’m an un-stuffy Camarillo lawyer – Step-up in basis planning

I don’t bite and I’m not mean.

Set up your free consultation with me and let’s talk about your Step-up in basis planning 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 Step-up in basis planning.

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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 Step-up in basis planning 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!

Located in the heart of Ventura County, this vibrant city is a delightful blend of small-town charm and modern amenities. With its picturesque landscapes and rolling hills, it offers a stunning backdrop for outdoor enthusiasts and families alike. The city boasts an array of parks, where children laugh and play while adults enjoy leisurely strolls under the California sun.

The downtown area is a bustling hub, featuring boutique shops, inviting cafes, and a lively farmers’ market brimming with fresh produce and artisanal goods. Throughout the year, the community comes alive with various festivals and events, celebrating local culture and bringing residents together.

The city is also known for its rich agricultural history, with nearby fields of strawberries and other crops that not only contribute to the local economy but also add to the region’s beauty. With a welcoming atmosphere and a strong sense of community, this California city is a hidden gem that captures the essence of coastal living while providing a tranquil escape from the hustle and bustle of city life.

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