Owning property in California isn’t just an investment—it’s part of the life you’re building. Whether it’s your family home or an income-producing rental, your real estate holds long-term value. But without the right plan in place, that value can quickly be chipped away by court delays, extra taxes, or disputes among relatives. At Price Law Firm, we help you take simple steps now to protect what you’ve worked for.
What Happens Without a Plan?
When there’s no will or trust, your property could end up stuck in probate. That process can take months, costs money, and puts your affairs into public view. Even worse, if you haven’t clearly said who gets what, California law takes over—and that might mean unintended outcomes, like splitting property between family members who don’t get along or giving it to someone you never intended.
You could also miss out on smart tax planning. For example, California offers a full step-up in basis for community property when one spouse passes. Without the right setup, your loved ones might face bigger capital gains taxes than they should when the property is eventually sold.
How Estate Planning Protects You
Here’s how we help real estate owners gain peace of mind and keep their investments protected:
- Living trusts help avoid probate and transfer property directly to the people you choose.
- Correct title arrangements—like joint tenancy or community property with right of survivorship—can bypass court and speed up transfer.
- LLCs or certain trusts can keep investment properties safe from personal lawsuits or creditor claims.
- California’s homestead exemption protects a large portion of your home’s equity from most creditors, depending on your county.
These tools work together to give you control, protect your privacy, and reduce legal headaches for your family.
Let’s Make Sure Your Property Stays in the Right Hands
You’ve put time, money, and care into your real estate. A clear plan ensures that effort pays off—not just for you, but for the people you love. If you’re ready to protect your property and avoid unnecessary court or tax issues, we’re ready to help.
Call our Redlands office at 909-328-7000 or our Riverside office at 951-425-4000. Let’s keep your property in the right hands.
