A lot of people come into my office and ask me if they should transfer their real estate into their kid's name while they are still living. Here is the typical reason they give for wanting to do that: If my child goes on the title to the property, (1) I save money by not [...]
When we are preparing estate plans and creating a living trust for real estate, I often get this question about the tax implications for a trust. The main question is whether the transfer of real estate into a living trust will trigger a reassessment from the county tax assessor’s office. The key reason people worry [...]
More and more trust documents are being created due to an aging population. I’m seeing increasing problems administering trusts with provisions that allow family and loved ones to reside in a property included in the trust. Problems that commonly occur are payment of home expenses, exclusive possession of the premises, and downright disagreements among the [...]
I see these stories time and time again—adult children acting like spoiled brats and misbehaving in their own parents’ home. Whether it’s not wanting to clean up after themselves or, even worse, a drug addiction that’s going downhill and the child refusing help, the parents are living day in and day out with an unhealthy [...]
I see this a lot lately. With the high values of real estate, more unmarried couples are purchasing property together. There are countless reasons why couples purchase real estate together. It’s a great investment both for income and appreciation, and it offers an affordable place to live so money is not just being thrown away. [...]
I have been running into situations where residential landlords and tenants have been sending emails to one another to give notice to terminate their month-to-month tenancies. For some landlord-tenant relationships, the tenancy ends without any issues. However, in many situations, there are usually problems. There might be a tenant who has allowed other persons to [...]
I recently read a legal post from a resident of San Bruno asking lawyers what he should do about a very low-hanging high voltage power line that was running through his property to supply power to a neighbor’s building. The man said someone could touch the line by hand. Have no fear, this situation can [...]
I came along another legal question that asked the Million Dollar Question: “I am selling my house and I wanted to know if I need to disclose that my neighbor is a nuisance.” The writer was complaining about her neighbor who operates a home business and gets on the phone at 5:30 AM. She loves [...]
I recently came across a question by a father. He wanted to know how to protect his inheritance that he wanted to leave to his son and daughter. The father had acquired about four rental properties and wanted to give his son and daughter two properties each. All the properties had no mortgages and were [...]
I’ve seen a lot of stories about individuals and families who purchase properties at a county tax sale. From time to time in California, you will see public sale notices from county assessors to sell property for unpaid property taxes. The county conducts a tax sale to recover the unpaid property taxes due on the [...]
