Saved $88 Million Client Millions in Taxes and Created Income for Life

Saved $88 Million Client Millions in Taxes and Created Income for Life

By John M. Goralka
Sacramento, CA

For a client with an $88 million estate holding substantial income producing real property, we were able to provide a plan to transfer real property worth over $50 million out of his estate for estate tax purposes. In addition, only 3% of the value of the real estate was reassessed for property tax purposes, and the client receives approximately 84% of the net income from the property for life. The client retained control over the $50 million in property interests through control of the business entity and the Trust holding the property interests.

John Goralka is the lead attorney and founder of the Goralka Law Firm, P.C., and is an experienced Sacramento estate planning and tax planning lawyer. For help in Sacramento with estate planning, business planning or tax planning, please contact our office.