New California Law Simplifies Probate for Homes Under $750,000 – What You Need to Know Beginning April 1, 2025, California’s probate system will offer a simpler, more efficient way to transfer a loved one’s primary residence—provided the home is valued under $750,000. Thanks to Assembly Bill 2016 (AB 2016), families may be able to…
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,…
