Legal, Finance & Tax
The recent settlement between the National Association of Realtors (NAR) and the Department of Justice (DOJ) is changing how real estate transactions are conducted across the country, including in California. These new rules focus on increasing transparency and fair...
Legal, Finance & Tax
Update on California Probate Law: Important Changes for Handling Real Property in Estates A new law was finalized on August 29, 2024, that will bring significant changes to how real property is managed in California probate cases. The new Assembly bill modifies key...
Legal, Finance & Tax
In California, selling a property differs significantly depending on whether the property is part of a will going through probate or is held in a living trust. Property in a Will (Probate Process) 1. Court Supervision: The property sale in probate requires court...
Legal, Finance & Tax
In California, the probate process is a legal procedure for settling a deceased person’s estate. The court oversees the distribution of assets to ensure that debts are paid and the remaining assets are distributed according to the decedent’s will or state law if...
Legal, Finance & Tax
A probate administrator, executor, or personal representative faces several legal and financial risks when managing an estate. Some of these risks include: Breach of Fiduciary Duty The administrator must act in the estate’s and its beneficiaries’ best...
Legal, Finance & Tax
Taxes are a critical aspect of estate administration that executors must address with priority. In California, tax obligations precede many other financial duties, including debts to private creditors and even distributions to beneficiaries, as outlined in estate...
