Probate is oftentimes a long, costly process, especially when bequeathing a house. The best way to avoid your home being placed in probate is to setup a living trust. However, some believe the best way to transfer a home to their child without probate is to add them to the title of their home. The […]

Tags: gift, home taxes, home title, legal rights, litigation, parent/child exclusion, Probate, tax, tax burden, title, transfer, trust, trust of survivorship
Posted in Estate Planning - Wills, Trusts, and Probate, Probate Code | No Comments »

In 1987, your mother purchased her home for $85,000. It’s now 2018 and the home is worth over $500,000. Better yet, it’s about to become yours. The caveat: the transfer of this property will immediately trigger reassessment of the property tax, which means you could end up paying a great deal more than what your […]

Tags: Estate Planning, exemption, inheritence, prop 13, prop 193, prop 58, property, property tax, proposition 13, proposition 193, propostition 58, reassessment, tax, transfer
Posted in Estate Planning - Wills, Trusts, and Probate, Legal Codes, Legal Documents | No Comments »