Posts Tagged ‘Transfer on Death Deeds’
The Key Issues with Transfer on Death Deeds
We often meet with families who want to ensure their home can be protected during their lifetime and left to their children when they pass on. Unfortunately, there is a significant amount of confusion over the “right way” to complete this planning. Many people have been misled as to the type of planning they need.…
Read MoreInheriting Your Parents’ Home? Do These 3 Things First.
Recently we have been encountering a number of adult children who are are having difficulty administering their parents’ estates after they pass away. One problem area has been with property tax reassessments. While a property tax reassessment can be avoided when a child inherits a parent’s’ home under California law, this parent-child exemption is not automatic! Instead, a Claim for…
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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