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April 1, 2025 marks a turning point in California’s probate laws. Under Assembly Bill 2016, the state significantly expanded who can avoid full probate—especially for families dealing with a home of modest value. If you or your clients own real property in California, this change matters. What’s Changing Primary Residence Limit Raised to $750,000 [...]
We are thrilled to announce that Tyre Law Group is growing! Our new satellite office in West Hollywood will be opening soon, providing more convenient access to our estate planning and probate services. Attorney Tony J. Tyre will personally work and see clients at this location, bringing the same client-centered approach, trusted guidance, and [...]
When it comes to protecting your family, most people are told the same thing: “Just draft a will, maybe set up a trust, and you’ll be fine.” Add in a power of attorney and a few other documents, and you’re all set—right? Unfortunately, that’s not the whole truth. At Tyre Law Group, we’ve seen [...]
California residents face unique challenges in wealth transfer planning due to high property values, progressive income and property taxes, but no state-level estate tax. Here’s how OBBBA reshapes the landscape: Federal Estate/Gift/GST Tax Exemptions Permanently Raised OBBBA permanently raises the federal estate, gift, and generation-skipping transfer (GST) tax exemptions to $15 million per person [...]
When it comes to estate planning, many families operate under the assumption that silence equals harmony. Parents often create wills and trusts in private, thinking it’s best not to involve children or other beneficiaries in the details — especially if the plan involves unequal distributions or complex conditions. But this secrecy can backfire. In [...]
In California, having a will alone does not avoid probate. This is a common misconception. Here’s what you need to know: What a Will Does: A will lets you name who should inherit your assets and who will serve as executor. It helps the court follow your wishes during probate. What a Will Doesn’t [...]
🌟 Dani Wows Local Accounting Clients with Estate Planning Presentation in Spanish 🌟 We’re proud to celebrate a recent milestone for our firm—and for our amazing virtual assistant, Dani! Dani, who works remotely from Colombia, delivered an outstanding presentation in Spanish on estate planning and our firm's services to the clients of a local [...]
When people think of estate planning, they often picture wills, trusts, and passing down personal assets to family. But for business owners—especially those with intellectual property, partnerships, or a growing brand—estate planning isn’t just about inheritance. It’s about protecting your life’s work. And if you think it’s only about retirement or old age, think [...]
What is the probate process in California? The probate process is a court-supervised procedure that occurs whether someone dies with a will (testate) or without a will (intestate). It typically takes 12-16 months. What compensation is an executor entitled to during the probate process in California? The executor (personal representative) is entitled to compensation based [...]
Joint tenancy is a popular way for multiple people to own property together in California. This form of ownership comes with unique characteristics and benefits, making it an attractive option for many. Let's dive into what joint tenancy is, how it works, and what you need to know if you're considering this type of property [...]
