Tag Archives: Trust & Probate Property

What Happens When CA Property Is Not Deeded Into a Living Trust

Revocable Living Trusts are popular in California and a way that lots of people hold title to their real estate and other assets. However, some people forget or neglect to transfer their assets into that trust. Example is that a … Continue reading

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Landlord Liability for a Tenant’s Pets in California

California Law re Landlord Liability for a Tenant’s Pets Can the landlord be liable if the tenant’s dog bites or otherwise harms someone? Answer:  Possibly. Under California law, an owner of any dog is liable if a person is bitten … Continue reading

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How to Protect Your Home’s Property Tax Basis and Transfer to Replacement

Property taxes are very important for home owners at Orange County CA. This is true because property taxes are based upon assessed values at Orange County, and those have values have increased significantly since 2009. People who have owned a home … Continue reading

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California Court Holds Lender Waived Right to Deficiency Judgment

In First California Bank v. McDonald, a California court of appeal recently held that a lender waived its right to a deficiency judgment where it permitted the sale of real property outside of the judicial foreclosure without the borrower’s consent. … Continue reading

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California AB 1888: New CA Law on Real Estate Transaction Transparency

California AB 1888:  New California Law on Real estate transaction transparency CA Governor Brown approved Assembly Bill 1888 in June 2014, eliminating the option for parties to avoid disclosing in public records the amount of documentary transfer tax payable at … Continue reading

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Mortgage Rates Stay Down with Huge News For Home Buyers at Orange County CA

Fantastic news for homebuyers is that home loan mortgage rates at Orange County CA went down big-time during 2014 and have stayed down. 4.5% was the average rate on a 30-year fixed loan offered by lenders one year ago today … Continue reading

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Does a Will Cover Everything I Own?

Does a Will Cover Everything I Own? No. Generally speaking, your will affects only those assets that are titled in your name at your death. Those assets that are not affected by your will include Life insurance. The cash proceeds … Continue reading

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Irvine Home Selling and Real Estate Market Update

Irvine Home Selling and Real Estate Market Update – November 22, 2014 Irvine CA is the economy driver at Orange County – has a population of about 230,000 people and is still growing. Irvine homeowners and sellers have high expectations … Continue reading

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“Community Property and Community Property With Right of Survivorship” – California law on holding title to property

California law on joint ownership of real property   “Community Property and Community Property With Right of Survivorship” A married couple or registered domestic partners may hold property as community property. (Cal. Fam. Code §760.) Community property is similar to joint … Continue reading

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U.S. Estate Tax Is On Your Right to Transfer Property at Your Death

Some people we talk with are confused about what the U.S. Estate Tax is and on what basis that would be owed and paid. According to the Internal Revenue Service the U.S. Estate Tax is a tax on your right … Continue reading

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