Posts Tagged ‘Community Property’
Orange County Estate Planning Attorney Answers, “Are You Liable for Your Deceased Spouse’s Debts?”
As a rule of thumb, no one else is obligated to pay the debt of a person who has died. So, in general, you will not be responsible to pay off your deceased spouse’s debts. However, there are some exceptions that vary from state to state: If you co-sign on a loan, then you now…
Read More5 Ways to Hold Title in Your California Home
Purchasing a new home is an exciting yet stressful time. Once the offer is accepted, escrow is opened, and there is so much to do – packing up, arranging moving, completing financing. The list goes on and can be overwhelming. Of course, it is during this busy time when a homebuyer is the most distracted…
Read MoreA Quick Guide to California Transfer on Death Deeds
You may have heard the buzz about the new transfer on death deeds in California which provide a new way to transfer real property on death. Up until recently, the most common ways were through: A will; Owning property in joint tenancy or community property with rights of survivorship; A revocable living trust. Some of these…
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