LLC

LLCs – great for asset protection during life; but beware of pitfalls at your passing

Pretty much all California real estate owners are aware of Proposition 13, the benefit granted to existing real estate owners, restricting property tax increases to a maximum of 2% per year.  Many real estate owners are also aware of Proposition 58, which provides a “parent-child exclusion” from the normal rule that eliminates Proposition 13 protection from

2020-01-13T12:17:08-08:00January 13th, 2020|Tags: , , , |

Create a Plan to Pass On the Family Cottage

This below article titled "Create a Plan to Pass On the Family Cottage" was in the  September 6, 2011 edition of the Wall Street Journal.  It describes a number of approaches that families and estate planners can use to keep homes in the family.  Some highlights are below... Helen Tanner's lakeside cottage in Beulah, Mich., was built

2017-02-23T01:53:10-08:00February 6th, 2011|Tags: , , , , , , |