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 […]
Community Property
5 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 […]
A 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 […]