California Inheritance Tax 2025 Changes. Proposition 19 was approved by california voters in the november 2020 election, and will result in significant changes to the property tax benefits californians enjoyed. The federal lifetime estate and gift tax exemption will sunset after 2025.

A set of 2017 reforms that significantly altered the way individuals and corporations navigate estate and gift tax is nearing its expiration, and what happens next has implications for all california attorneys advising on wealth. Effective april 1, 2025, california will implement significant changes to its probate process , particularly benefiting estates with real property valued below $750,000.