SLO: (805) 546-8785 | Paso Robles: (805) 226-4148

Posts Taged estate-plan

Major Shift of Certain Real Property Transfers Signed into Law

Recently signed legislation allows for the transfer of real property upon death through what is touted to be, under certain circumstances, a more streamlined and simple process, without the typical probate proceedings. Historically, many assets, such as stocks or bank accounts and even possessions, could be passed on to an identified beneficiary through the completion of a ‘Payable on Death’ or ‘Transfer on Death’ form (POD or TOD, respectively). The new legislation, AB 139, permits a similar transfer of real property, such as a house, land or other type of building, upon the death of an owner through the same process. AB 139 is effective now through January 1, 2021 (there is a five year test period to gauge the law’s impact).

Read More
Do I Need Estate Planning?

The State Bar of California has published a pamphlet entitled “Do I need Estate Planning?” that includes commonly asked questions about estate plans. If you have wondered whether or not you need an estate plan and what is involved in creating one, follow the link to look at the pamphlet: Do I Need Estate Planning?

Read More
Great time to Review Your Current Estate Plan

As most people have heard, Congress cobbled together new rules regarding the estate and gift tax that will be in place for a whopping two years. Despite the obvious tenuousness associated with laws in place for only two years, the general consensus is that congress is unable to take away that which it has bestowed.

Read More