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On January 1, 2016, the California legislature enacted Assembly Bill 139, which permits individuals to transfer real property upon death using a revocable transfer-on-death (TOD) deed. Since then, the TOD deed has emerged as an attractive option for homeowners looking for a quick and simple way to transfer property upon death outside of probate court, [...]
A person’s decision to create a trust typically rests upon two factors: (1) the ability of a trust to manage distributions much more effectively than a will; and (2) that person’s desire to spare his or her beneficiaries the time and expense of probate. However, mere execution of a trust will not necessarily prevent particular [...]
As Benjamin Franklin famously remarked, the only certainties in this world are “death and taxes.” While we all know that death is an inevitable part of the cycle of life, most of us would prefer to avoid the subject altogether. However, failing to engage in any sort of pre-planning for your estate, financial, and health [...]
Quick, what’s the difference between a will and a trust? Might you be a testator? And what do you know about a conservatorship, besides the fact that Britney Spears has been embroiled in drama surrounding one? While these terms are familiar, many people are often pressed to define exactly what these important estate planning documents [...]
As your life changes, so too can your revocable trust. While there are numerous reasons why you may want to modify your trust, the following events are the most common that necessitate a trust amendment: The birth or adoption of a child When initially creating your trust, you may have named individuals such as siblings, [...]
Dear Clients and Friends, We are pleased to report that our pet supply drive and fundraiser for Baldwin Park Animal Care Center (BACC) was a resounding success. We are so grateful to everyone who donated. With your help we were able to provide the shelter with much needed supplies, including everything from dog and cat [...]
Losing a loved one is always difficult. In addition to coping with their grief, many people are left feeling overwhelmed by the numerous obligations and tasks associated with settling their loved ones’ affairs and don’t know where to start. Having a general idea of what to do when someone passes away can ease this burden [...]
Have you been told that you can avoid probate by adding your child to your home’s title? Although holding property in joint tenancy with your child will result in a direct transfer to that child upon your death (thus avoiding probate), here are three reasons why you shouldn’t place your child on your property’s title. [...]
This holiday season, in the spirit of giving, we at the Law Offices of Tony J. Tyre, Esq., APC are delighted to be hosting a fundraiser and pet supply drive for Baldwin Park Animal Care Center, which serves cities and unincorporated areas across the San Gabriel Valley. Each year, over six million animals enter shelters [...]
There was a major law update regarding Medi-Cal qualification requirements beginning on July 1, 2022. Prior to this date, a person could only have $2,000.00 of countable assets in his or her name in order to qualify for Medi-Cal benefits. However, starting on July 1, 2022, that asset limit is now $130,000 of countable assets, [...]
