My sister and I co-own a house as Joint Tenants. Will my property tax be reassessed if we change to Tenants in Common.

Severing the joint tenancy and creating a tenancy in common will not trigger reassessment of the property.

The phone message has no legal effect. In the absence of a will, your father's estate will be distributed according to the rules of intestate...

How to close or dissolve the company just endorsed?

You may file dissolution documents with the Secretary of State or just let the corporation "die on the vine." You will not be personally liable...

Any tax obligation in California when the lender accepts to do deed in lieu?

Any portion of a loan secured by real property that is forgiven by the lender can result in "cancellation of debt" income tax liability. There are...

If a house is in a trust, is it safe from creditors?

If your trust is revocable (i.e., if you have the power to revoke) the assets held in the trust are subject to your creditors' claims as if there...

A friend loaned me money via his CA S-corp; he died and the corporation dissolved. How can I find out who my creditor is now?

When the corporation was dissolved the assets remaining after payment of debts were distributed to the shareholders. It is likely that the...

My mom died and my brother was the "executor?" of the estate and his name was on the deed of her main house.

I know of no state law under which property can be "automatically" inherited (other than property held in joint ownership with right of...