Navigating Property Taxes, Income Taxes, and Gift Taxes When Transferring Real Property to a Child in California Deciding whether to transfer real property to your child during your lifetime or upon your death is a critical aspect of estate planning in California. This decision involves understanding the various tax implications, including property taxes, income taxes,…
Being named the beneficiary of a Transfer on Death (TOD) deed in California can be a seemingly straightforward way to inherit property. However, this process comes with specific responsibilities and potential complications. Here’s a detailed guide on what you need to do after the death of the person who prepared the TOD deed. Understanding Your…
