Estate Planning involves the efficient and cost effective transfer of your assets to your children...
Category - Previous Posts
When Should You Create a Living Trust?
A living trust is used to pass property from you to your heirs when you die. It avoids the costs...
Small Estate Affidavit (Probate Code §13100, et seq.)
When a person dies with less than $150,000 of assets, there is a procedure to transfer the assets...
Parent – Child Exclusion from Property Tax Reassessment
Transfers of real property from parents to children (or children to parents) may be excluded from...
Change in Ownership Statement – Death of Real Property Owner
When a person dies owning real estate, there is a form that must be filed with the county recorder...
Tax Basis of Property Received from a Decedent
Cost Basis Basis is the way the tax code keeps track of your investment in property. When you...
The Decedent’s Final Individual Income Tax Returns
IRS Form 1040 US Individual Income Tax Return A decedent will owe a final tax return for the short...
Opening a Safe Deposit Box
Many people keep important documents in a safe deposit box. When someone passes away owning a safe...
Probate Treatment of Adoption
With the ever-evolving concept of the “modern family”, many families choose adoption as a method of...
Handwritten Wills
Anyone can create a valid handwritten will, known as a holographic will, if the signature and the...