MOORLACH UPDATE — SB 1265 — August 18, 2016

It has been more than 22 years since I’ve enjoyed doing estate planning. But, allow me to share a few thoughts.

Living trusts are utilized to avoid probate and, in many cases, to set up a marital deduction trust. This is done when the estate exceeds $600,000 in net value.

Not to get into the weeds, but state law in this area was not conforming to the Federal law that the Internal Revenue Service was following in this area. So, SB 1265 is a conformity bill. The bill is ministerial in nature and non-confrontational, so it went through the Legislature mostly on consent.

SB 1265 was signed by the Governor yesterday. So, the number of my signed bills for this year just went up 100 percent. For someone in the minority party, we’re having a good year.

The Governor’s office issued a press release that was picked up by the Highland Community News below. Immediately below, we’ve also done some bragging in our press release that went out this morning.

Governor Brown Signs Moorlach ‘Marital Deduction Trusts’ Bill

SB 1265 Will Support and Ease Burden on Surviving Spouses
(Sacramento) – On Wednesday, Governor Jerry Brown signed Senator John Moorlach’s Senate Bill 1265 into law. The bill provides a much needed update to the California Probate Code and synchronizes it with the federal tax law. This change will add clarity and flexibility to the probate process, easing the burden on a surviving spouse when dealing with complex tax issues relative to the estate.

“I thank the Governor for signing my bill into law,” said Senator Moorlach (R-Costa Mesa). “One of my top priorities is creating a better future for California families. SB 1265 removes unnecessary red tape for surviving spouses as they attempt to settle an estate during a sensitive time in their life."

Senate Bill 1265 is the second bill authored by Moorlach to be signed by the Governor.SB 1265 greatly simplifies current law, enhancing access to the marital deduction trust for surviving spouses.

For more information on SB 1265, CLICK HERE.

Governor Brown Signs Legislation

SACRAMENTO – Governor Edmund G. Brown Jr. today announced that he has signed the following bills:

AB 1355 by Assemblymember Adam Gray (D-Merced) – Gaming: Tribal Nation Grant Fund.

AB 1432 by Assemblymember Rob Bonta (D-Alameda) – Monterey Bay and the Bays of San Francisco, San Pablo, and Suisun: pilotage rates: technology surcharge.

AB 1557 by Assemblymember Devon J. Mathis (R-Visalia) – School facilities: use by nonprofit youth organizations: recreational youth sports leagues.

AB 1563 by Assemblymember Freddie Rodriguez (D-Pomona) – Victim’s compensation: claims: appeal.

AB 1660 by Assemblymember Jim Cooper (D-Elk Grove) – Interscholastic athletics: California Interscholastic Federation: report.

AB 1692 by Assemblymember Susan Bonilla (D-Concord) – County employees’ retirement: Contra Costa County.

AB 1702 by Assemblymember Mark Stone (D-Scotts Valley) – Juveniles: dependent children: reunification services.

AB 1750 by Assemblymember Bill Dodd (D-Napa) – Real property transactions: definitions.

AB 1867 by Assemblymember Marc Steinorth (R-Rancho Cucamonga) – Evidence: judicial notice: official records of conviction.

AB 1918 by Assemblymember Patrick O’Donnell (D-Long Beach) – Teacher credentialing: temporary certificates.

AB 2010 by Assemblymember Sebastian Ridley-Thomas (D-Los Angeles) – Voter’s pamphlet: electronic candidate statement.

AB 2116 by Assemblymember James M. Gallagher (R-Plumas Lake) – School bonds: projections of assessed property valuations.

AB 2128 by Assemblymember Katcho Achadjian (R-San Luis Obispo) – Marriage.

AB 2135 by Assemblymember Marc B. Levine (D-Marin County) – Alcoholic beverages: revenue sharing.

AB 2159 by Assemblymember Lorena Gonzalez (D-San Diego) – Evidence: immigration status.

AB 2217 by Assemblymember David Hadley (R-Manhattan Beach) – Notary public: service fees.

AB 2376 by the Committee on Public Employees, Retirement, and Social Security – County employees’ retirement: Los Angeles County.

AB 2416 by Assemblymember Scott T. Wilk (R-Santa Clarita) – Escrow agent rating service.

AB 2457 by Assemblymember Richard H. Bloom (D-Santa Monica) – Autopsy: electronic image systems.

AB 2710 by Assemblymember Ken Cooley (D-Rancho Cordova) – Insurance: California Insurance Guarantee Association: premium charges.

AB 2755 by Assemblymember James M. Gallagher (R-Plumas Lake) – Agriculture: bees: civil remedies.

AB 2874 by Assemblymember Beth Gaines (R-El Dorado Hills) – Groundwater sustainability agencies: fees.

SB 1265 by Senator John Moorlach (R-Costa Mesa) – Marital deduction trusts.

For full text of the bills, visit:

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