Should You Sell, Gift, or Keep Your Home Until Death? A Guide to Making the Right Decision If you’re a homeowner in California, you’ve likely wondered about the best way to pass your property to your loved ones. Should you sell it during your lifetime, gift it now, or hold onto it until death? Each option has tax and financial implications that could impact both you and your heirs. Here’s what you need to know. The Step-Up in Basis: A Key Advantage of Keeping Property Until Death In…
Understanding the Differences Between Revocable and Irrevocable Trusts in California When it comes to estate planning in California, deciding between a revocable trust and an irrevocable trust depends on the specific needs and goals of the settlor. Each type of trust serves different purposes and offers unique benefits. Here, we…
