How to Avoid Tax Reassessment on Your Home in California: Key Strategies for Homeowners
How to Avoid Tax Reassessment on Your Home in California: Key Strategies for Homeowners As a California homeowner, understanding how to protect your property from unnecessary tax reassessments is crucial to maintaining predictable and manageable property taxes. California’s property tax system is governed by Proposition 13, passed in 1978, which limits the amount your property […]
Managing the Finances of an Incapacitated Californian: A Practical Guide
Managing the Finances of an Incapacitated Californian: A Practical Guide When a Californian becomes mentally incapacitated and unable to manage their financial affairs, it often falls to friends or family members to step in. However, even with the best intentions, navigating the procedural and legal hurdles at banks and brokerage firms can feel overwhelming. This […]
Limiting Real Estate Property Reassessment in California: A Balancing Act
Limiting Real Estate Property Reassessment in California: A Balancing Act In the dynamic landscape of California’s real estate market, property taxes represent a significant factor for both homeowners and local governments. At the heart of this system lies the concept of property reassessment, which determines the taxable value of a property. Over the years, there […]
How To Hold Title to Your Home & Common Mistakes
How To Hold Title to Your Home & Common Mistakes Holding title to a home involves legal ownership and can have significant financial and legal implications when title isn’t held properly. Many people are not aware of the implications and unknowingly make common mistakes. In order to be better prepared and make informed decisions, learning […]
Do You Own Real Estate & Have Tenants? Here’s What You Need to Know
Do You Own Real Estate & Have Tenants? Here’s What You Need to Know If you own real estate property that you rent out to tenants, being in compliance with the latest regulations and laws is crucial. Doing this is not only cost effective, but it can help you in the long run. Consulting with […]
The Most Important Things to Consider When Gifting Real Estate to Your Children
The Most Important Things to Consider When Gifting Real Estate to Your Children Gifting real estate property to children is a significant financial and legal decision that requires careful consideration. Here are some important things people need to know when gifting real estate property to their children: TAX IMPLICATIONS Gifting real estate property […]
Joint Tenancy vs. Living Trust
What are the pros and cons of owning real property in joint tenancy versus in a living trust? Owning real property in joint tenancy and through a living trust are two common ways to hold property. Each option has its own pros and cons, but which one would be best for you? Here are some […]
WHAT YOU NEED TO CONSIDER WHEN GIFTING REAL ESTATE
What You Need To Consider When Gifting Real Estate When gifting real estate to beneficiaries, owners should understand the potential for post-gift legal disputes, the property tax implications, and the income tax consequences of the change in ownership. If the property is gifted during the owner’s lifetime, the owner must consider the major legal issues […]
The Gift Clock is Ticking
The Gift Clock is Ticking: Tax Changes to Expect in 2026 Federal tax laws are changing on January 1, 2026. What does this mean? It means the amount that you can give away without gift or estate tax will be cut in half. With that in mind, here’s what you need to know… CHANGES IN […]
Key Strategies Concerning Representations and Warranties in Commercial Real Estate Purchase Agreements
Key Strategies Concerning Representations and Warranties in Commercial Real Estate Purchase Agreements Representations and warranties are often the most heavily negotiated section of commercial real estate purchase agreements because of the parties’ competing objectives. Sellers typically seek to limit the nature and scope of any representations as much as possible, preferring that the buyer rely […]
Common Bankruptcy Strategies Employed By Delinquent Borrowers To Stave Off Foreclosure Proceedings — And How Loan Servicers Should Combat These Tactics
Common Bankruptcy Strategies Employed By Delinquent Borrowers To Stave Off Foreclosure Proceedings — And How Loan Servicers Should Combat These Tactics While loan servicers are typically willing to explore various foreclosure alternatives with respect to delinquent borrowers, often a foreclosure on collateral is the only realistic option available to the servicer. When faced with an […]
1031 Exchange of a Tenant-In-Common Interest
1031 Exchange of a Tenant-In-Common Interest Have an LLC membership interest in an entity that owns real property? If so, the need to structure your ownership is critical in being able to take advantage of a 1031 exchange. Generally when an interest in real property is sold a tax payer is required to pay taxes […]
