Most older adults believe that it’s easier for everyone involved – loved ones, beneficiaries, and executors – if they transfer full or partial ownership of their home prior to their passing. However, California elder law attorneys will caution you that there are several risks to consider when transferring ownership of your home that might harm […]
Home Transfer
Buying Out Your Sibling’s Share of an Inherited Home Can Have Expensive Property Tax Consequences in California
When a California home or other real property is transferred to another person, its Proposition 13 tax base will be reassessed. There are only limited exceptions to re-assessments in California when a home is transferred among certain family members: namely between parents and children and in some cases between grandparents and grandchildren (but only if […]
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 […]