Is it Better to Gift or Bequest Your California Home?
This article asks is it better to gift or bequest your California home? We review the factors of tax, family dynamics, and law .
Prepare deeds, affidavits, and trusts for real property. Attorney is Mark W. Bidwell. To start, call 714-846-2888. Email Mark@DeedAndRecord.com. Office is in Huntington Beach, California
This article asks is it better to gift or bequest your California home? We review the factors of tax, family dynamics, and law .
Avoid probate of your home on your death. For specific answers for your particular siutation, call 714-846-2888 or email Mark@DeedAndRecord.com.
The unintended consequences of adding a co-owner to real property are unfavorable tax treatment, exposure to the new owner’s creditors, relinquished control to sell and mortgage the real property, and failure to transfer due to an unplanned order of death. Revocable Transfer on Death Deeds (TODD) and revocable living trusts are better alternatives to adding …
When purchasing real property in California, the buyer is asked, “How do you want to own your home?” How you own your California home determines how it will transfer on your death. In other words, will the post-death transfer be in or out of probate court? Real property in your name only requires transfer to …
Examples of planning are; trusts, joint ownership, lifetime transfers, and revocable transfer on death deeds. No planning relies on the probate court for help
The best option is a trust. A simpler option is as “community property with the right of survivorship.”