Often times, beneficiaries inheriting a property have a decision to make. Do I prefer a quick and easy sale to an investor, or, do I opt for a longer, more drawn out process, in the hopes of obtaining a higher possible price? There is no right and wrong, and the...
If you are selling an apartment building, commercial property, or other income producing property, you will need a targeted approach to selling the property. Simply putting the property on the MLS and saying, “great income opportunity,” like most probate agents do, is...
As the Executor or Estate Representative, taking care of the estate’s tax obligations will be among your many responsibilities. When dealing with California probate and estate sales, there are three primary tax considerations: 1. Estate taxes. These are Federal taxes...
Proposition 19 creates changes that should be considered when planning your estate, or when preparing for the probate sale of California real estate. The new rules affecting transfers of inherited property take effect February 16, 2021. California’s inherited real...
In many cases, probate is required to settle an estate in California. But if you wish to minimize the probate process for your beneficiaries, or perhaps enable them to avoid it altogether, there are several steps you can take. 1. Organize assets and title them...
Having tenants in your property can be a tricky issue, especially in times of COVID. First, tenants come in different variety. In many cases, there is somebody living in the property who is a relative or a beneficiary of the decedent. This person may or may not...
