How may I transfer ownership of my primary residence to my children without tax penalty to them?

I believe the person who told you this was thinking about the 250000 exclusion on the sale of a residence. To qualify it must have been used as...

I have a couple of real estate properties with mortgages and would like to transfer them into one or several LLCs.

This one is tricky because the mortgages could have due on transfer clauses. Many institutions consider transfer to llc as change of ownership. ...

Does Trustee have a fiduciary obligation to disclose POD/TOD accounts to beneficiary?

There is something missing from your question. Forget that the accounts were for you, who's name was listed as the owner? Im assuming the...

My friend and I bought property together as Joint Tenants. He stopped me from accessing it. What CA Code can I sue him under?

You have the right to partition and force the sale of the property. Note, your friend's actions are clearly hostile to you. If he is also paying...

What is my relationship to the siblings of my (adopted) niece?

Both attorneys are correct. You have no legal relationship to your niece's sister. That said, there is a relevant closeness that as pointed out,...

My husband inherited a home in San Francisco. If he passes away, does his inheritance automatically roll over to me? Also would

You need to meet with an estate planning attorney. The inherited house is separate property unless your husband transmutes it to community...

Mother - daughter tenants in common of home valued at 700k both died intestate within 6 mos of ea. other Two probates or one?

Yes, two probates. If no husband, son is daughters heir and if mother didn't have other children, grandson is mother's heir. Medi-cal claims...

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If I give money back to a revocable Trust as a loan paid, will I or the benefactor still owe gift tax?

Given that you are looking for a tax opinion, Im not sure anyone on this board will give you a direct answer. In addition, relying on something...

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Life insurance policy question of entitlement. Does the child who died before my grandfather have entitlement or his children?

The life insurance policy is a contract. The distribution of the policy goes by the beneficiary designations. It is not unusual for there to be a...

Grandfather died many years ago without a will.. Which generation owns it now?

This is more complicated than just an issue of intestacy. Depending on the facts including who was paying taxes on the property and whether...