Individual planning
Understand your obligations and examine available planning opportunities in the context of your broader financial picture.

Planning across personal, business, and estate goals
Bring your financial priorities into focus with a tax planning discussion that considers efficiency, compliance, and your long-term wishes.
The Andrews Law Firm helps Kings Beach clients review tax questions across individual finances, business interests, and estate plans. The starting point is your situation, followed by strategies suited to your goals and legal obligations.
Understand your obligations and examine available planning opportunities in the context of your broader financial picture.
Business goals and estate transfers can raise different tax questions. Review each area and identify where the decisions overlap.
A useful strategy considers the rules as well as potential savings. Review current law and the facts that support a proposed approach.
A worked example
Parents bought a Kings Beach home for $300,000. It is worth $1,100,000 today, and the child will sell it.
Internal Revenue Code §1014: basis steps up to value at death.
Internal Revenue Code §1015: a gift carries over the parents’ basis.
Simplified illustration: selling costs, improvements and exclusions are ignored.
California rules that apply in Placer County
Kings Beach is on Lake Tahoe's North Shore in Placer County, minutes from the Nevada state line. Families here often hold property or accounts on both sides of the line, and planning that keeps out-of-state real estate in a trust can avoid a second probate in Nevada.
Read the full tax planning guideMarried couples who split gifts can give $38,000 per recipient without using exemption.
Inherited assets generally take a new basis equal to value at death (Internal Revenue Code §1014).
At the first spouse’s death, both halves of community property can receive a new basis (IRC §1014(b)(6)).
Tax Planning in other communities: TruckeeTahoe CityHomewoodSierraville See all areas served
This testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.
Frequently asked questions
From Kings Beach, take State Route 267 north to our office at 10270 Donner Pass Road, Truckee, CA 96161. If the drive is difficult, ask about meeting arrangements when you call.