If I quitclaim deed a property to my daughter in California will that cause the property to be re-assessed for property taxes?
Jeffrey's answer
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Answered on December 09, 2020
Prop 19: Prop 19 will let you keep the old tax assessment only if you reside there. So yes, to keep that assessment value you should transfer...
What is the best way to add my name to a deed which is under my sister name and it’s paid off.
Jeffrey's answer
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Answered on December 08, 2020
The problem with them gifting an interest to you is that you will get a terrible tax basis which is what will cause those tax liabilities later...
Archived
Mother's house is in rev. trust & has 1 child that may move into house. Would child be subject to Prop 19 reassessed prop taxes?
Jeffrey's answer
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Answered on December 08, 2020
You will get re-assessed unless you make it your residence.
Some poeple ask me about transferring it early but that is usually a terrible mistake.
Archived
How can my husband get paid more than a 1/3rd of the house as he has taken care of my MIL for over 18 yrs after her stroke.
Jeffrey's answer
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Answered on December 04, 2020
Mom needs to change her trust if she can.
You might want to make an arrangement with the other siblings (in writing) that they will give you thei...
Is it necessary to amend a Trust into the surviving spouses name, after a spouse has passed and why?
Jeffrey's answer
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Answered on December 01, 2020
No, the old name is fine.
Read the Trust though to make sure you understand what you have to do with your late spouse's half of the Trust;...
My step mother is trying to keep me from seeing my father.?
Jeffrey's answer
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Answered on November 29, 2020
You can get a judge to grant you a temporary restraining order requiring your step-mother to allow you to see him based on Elder Abuse by isolating...
I have a Living Trust. One of my beneficiaries recently passed away. Do I need to revise the trust?
Jeffrey's answer
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Answered on November 28, 2020
It sounds like it was already written to deal with the problem. Unless you don't want their children to have it, you can leave it as is. You...
Is intestate succession the default law that comes into play if someone dies without a trust?
Jeffrey's answer
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Answered on November 25, 2020
Intestate is when you die without a Will. If you have a Trust and put everything in it then intestacy is not a problem (because the Trust controls...
Archived
What ownership/title when transferring real estate property into a revocable living trust in California?
Jeffrey's answer
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Answered on November 24, 2020
It sounds like you are a bit mixed up.
JTWROS is a great way to hold property. It avoids Probate and that makes life (and death) easier. The...
Estate Planning California - What is the best action to take?
Jeffrey's answer
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Answered on November 23, 2020
In most Living Trusts, half of the Trust becomes irrevocable upon the first death. The Survivor cannot change anything with regard to that...
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