Archived
Re using Prop. 60/90, does a home’s current homeowner’s exemption carry over to an inheriting son who lives there?
Alan's answer
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Answered on September 14, 2020
This can be done, but it is complicated. When the time comes, you are going to need an experienced attorney to help you
1. To keep the property...
Archived
Is money from a trust taxable??
Alan's answer
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Answered on September 13, 2020
Someone has to pay the income tax on any income earned by the estate. However, with the small amount of interest banks are paying, will probably...
Why is it recommended each each person have their own POA when transferring real estate? Why can’t a Joint POA be used?
Alan's answer
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Answered on September 13, 2020
Generally, you do not want joint documents. It works for trusts in community property states because husband and wife have identical interests and...
Archived
My sister who is the administrator of my fathers property sent me a 60 day notice and it states ?pursuant to the tenant owner...
Alan's answer
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Answered on September 12, 2020
You need your own attorney on Monday.
You need to file your own probate petition.
Irrespective of how long it has been since your sister saw...
Can my dads girlfriend of 40 years take my house?
Alan's answer
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Answered on September 11, 2020
Any real property in Huntington Beach. except for oil rights is worth more than the small estate amount.
You need to start a probate as soon as...
What can I do to keep my aunt from selling my grandmother's home, that she left to me prior to her passing?
Alan's answer
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Answered on September 11, 2020
To add to the other answers.
IF you have been living in the home "openly and notoriously" and have paid the property taxes, you may be able to...
If a decedent had a Trust, but no will, would this be considered an intestate or testate's estate?
Alan's answer
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Answered on September 11, 2020
If there are enough assets outside of the trust to require a probate, those assets would pass by intestacy.
Not having a will is a problem caused...
Is there a way to avoid probate for real estate owned by an S-Corp, which is owned by a sole shareholder?
Alan's answer
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Answered on September 11, 2020
He needs to visit a good estate planner. Generally, you want to own real estate and have your corporation lease it from you. That way your estate...
Archived
How does probate work when there's two next of kin?
Alan's answer
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Answered on September 10, 2020
One or both can petition to become administrator.
Will the administrator waive his fee? If not the administrator will get more money than the...
Archived
Options for a orphaned 2nd mortgage?
Alan's answer
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Answered on September 10, 2020
To add to Mr. Colwell's answer. I did have the lender of an underwater second remove it during the 13. BUT that was the lender's work not the courts.
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