Getting your criminal record cleared in California might seem complicated, but the process is more straightforward than many people think. We help clients navigate this system every day, and we’ve seen how much relief expungement can bring to people’s lives. The expungement process in California involves filing a petition under Penal Code 1203.4 and having […]
If you are buying, selling, or transferring real estate in California, you may come across the term “grant deed.” So, what is a grant deed in California, and why does it matter? A grant deed is a legal document used to transfer property ownership, and it is commonly used in real estate transactions across the […]
Yes, California allows transfer-on-death deeds for real estate. This option became available in 2016 when the state passed a law creating the Revocable Transfer on Death (TOD) Deed as a legal document. A TOD deed lets California property owners transfer their homes to beneficiaries without going through probate after death. This means your loved ones […]
The recent wildfires in Los Angeles have devastated many homes and properties, leaving affected residents wondering how to manage their financial obligations. If your property was damaged or destroyed in these fires, you may be eligible for significant property tax relief through various programs offered by Los Angeles County. Property owners can file a “Property […]
Property taxes in California can increase dramatically when a home changes ownership due to Proposition 13 rules. When a property transfers to a new owner, the county assessor typically reassesses it at its current market value, which often leads to higher tax bills. However, several legal strategies exist to avoid triggering this reassessment when preparing […]
The Internal Revenue Service has announced significant increases to gift and estate tax exemptions for 2025. These changes will impact high-net-worth individuals and their estate planning strategies. The federal estate tax exemption will rise to $13,990,000 per individual in 2025, up from $13,610,000 in 2024. For married couples, this exemption doubles to $27,980,000, providing substantial […]
There has been lots of confusion over the passing of AB 2016. Many thought that this new change would increase the limit to Small Estate Affidavits, but that is not the case. What is being affected by the change is the Affidavit for Succession to Real Property of Small Value under Probate Code 13200, which […]
California businesses face new reporting obligations under the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Information (BOI) requirements. These rules aim to enhance transparency and combat financial crimes by requiring companies to disclose their beneficial owners. Companies created or registered in California in 2024 have 90 calendar days from the date of receiving actual or […]
Moving to a new state can bring up many questions about your estate planning documents. A common concern is whether a living trust created in one state remains valid after relocating. Generally, a living trust created in one state is valid in another state. This is because trusts are governed by the laws of the […]
Living trusts are valuable estate planning tools that provide flexibility and control over your assets. In California, you can modify your living trust to reflect changes in your life circumstances or wishes. To amend a living trust in California, you’ll need to create a written amendment document that clearly states the changes you want to […]
