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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 [...]
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Prince When singer Prince passed away unexpectedly in 2016, he left no trust or will, leaving his $200 million estate up for grabs Multiple heirs came forward claiming an interest in the estate, resulting in a tumultuous legal battle Outcome: It took six years and cost millions of dollars to settle the Estate, with the [...]
Marriage changes a lot of things—but should it change your existing trust? To answer that question, let’s look at a hypothetical: John has two children: Dick and Jane. John purchases a home on Evergreen Lane and transfers that home into the John Doe Revocable Trust. Wanting to leave his children a tangible asset that can [...]
Unknown to many of us, the government does not take money from a person’s estate most of the time. In fact, estates will usually pay little-to-no money to the government through taxes, unless there are debts owed to governmental agencies such as Medi-Cal. The two main types of tax to consider are income tax and [...]
