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Property taxes. Grandchildren defined.

Proposition 193 excludes from reassessment transfers of real property between parents and eligible grandchildren. Though a living trust is not required, your living trust attorney can advise on the application of the law and apply for its benefits. An eligible “grandchild” for purposes of Proposition 193 is any child of the parents who qualifies as […]

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Real Estate Taxes in California

Property taxes – giving your house to your kids California allows real estate owners to transfer their residence to their children without increasing the real property taxes. It has nothing to do with whether the owner has a living trust, a will, or powers of attorney. It is a benefit to children of property owners. […]

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Common Mistakes Made with Living Trusts

A well-prepared and funded living trust provides numerous benefits to the estate as well as the heirs of that estate. From avoiding court interferences to protecting one’s assets during incapacitation, a trust is a treasured document to consider when creating an estate plan. However, estate planning trusts in San Diego are not without their faults. […]

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What Happens to an Estate after a Person Dies?

After death, the process of estate administration begins. During the administration phase, the individual’s assets are collected, creditors are paid, and the rest of the estate’s assets are distributed to beneficiaries in accordance with the estate plan. Probate assets are those that the testator owned that were in his or her name at the time […]

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How Much Maintenance Does an Estate Plan Need?

Consumers service their vehicle at regular intervals, and they go to annual physicals to examine their health. However, most skip over the importance of routine maintenance on their estate plan. Just like health and vehicles, estate plans require routine maintenance. If one wants to get the most out of an estate plan, they should take […]

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