When you have been given a generous gift, there are often tax repercussions to consider. It is noteworthy to point out that Gift Tax applies to the giver, not the receiver. A donation or present valued at over $15,000 requires a Gift Tax Return, according to current...
There is a part of human nature that makes it difficult to think about a day when we will no longer be able to conduct our own affairs. Whether this is due to an illness or injury that causes incapacity or our inevitable passing, there will come a...
In California, there are two formal probate procedures—one for estates valued at more than $150,000 (Regular Probate) and one for estates valued at $150,000 or less (Small Estate Probates). For further questions or concerns about estate planning, contact a...
When purchasing a home, married couples and domestic partners need to decide how they wish to hold title on their deeds. In 2001, the California legislature created a new form of title referred to as Community Property with Right of Survivorship. This form of...
A majority of people do not have sufficient assets to warrant the time and expense of filing a probate petition. For estates where there is no real property, assets are usually limited to funds in bank accounts, vehicles, and non-titled personal property, i.e., the...
There are two categories of powers of attorney: (1) durable power of attorney and (2) advance health care directive. Questions about this legal information? Contact a Roseville estate planning attorney. Durable Power of Attorney A “durable power of...
