Change in how California real property is ownedis by deed. The deed changes title from an individual as an owner in name only to an individual as trustee. The deed is recorded with the County Recorder. Bank, brokerage and stock accounts are funded byownership change from you to your trust. You contact the bank and […]
THREE TIERS OF CALIFORNIA PROPERTY Real property owned by one person ends up in probate. Probate is a set of laws the California courts follow to transfer real property from a decedent to his or her heirs. California has three tiers of court involvement based on the market value of the real property. The appraised […]
HOW TO TAKE TITLE TO CALIFORNIA REAL ESTATE AT TIME OF PURCHASE Options to own real property in California are; in name only, as a co-owner, in trust, or as a business entity. The major distinction between these options is, how does the property transfer to heirs on the death of the real property owner? In […]
How a Surviving Co-Owner Avoids Probate of Real Property in California Probate is a set of rules under California law that direct how real property transfers from a decedent to heirs. Probate requires two hearings and three court orders. Time involved is a minimum of one year. Probate is not cheap. For a surviving co-owner […]
DISPOSITION OF REMAINS IN CALIFORNIA The right to control the disposition of the remains of a deceased is found in California’s Health and Safety Code under the section titled appropriately enough, “Dead Bodies.” The person is either identified in the deceased’s power of attorney for health care or by California’s default plan. The agent in […]
Facebook Twitter Instagram Youtube Linkedin WordPress PROS AND CONS OF LIFETIME GIFTS V DEATH TRANSFERS OF REAL PROPERTY In anticipation of death, either imminent or far into the future, an owner of California real property can either gift while living the property or transfer on death. This article looks at the pros and cons of […]
UNACCREDITED LAW SCHOOLS Unaccredited Correspondence Law Schools. A correspondence law school is a law school that conducts instruction principally by correspondence. A correspondence law school must require at least 864 hours of preparation and study per year for four years. Unaccredited Distance-Learning Law Schools. A distance-learning law school is a law school that conducts instruction […]
TRADE MARKS AND SERVICE MARKS If you use a slogan or logo, consider registering your company’s marks, both to protect your investment in the mark and to prevent unintentional violations of marks of other businesses. A trademark is either a word, phrase, symbol or design, or combination of words, phrases, symbols or designs which identifies […]
GENERAL CHARACTERISTICS OF A CORPORATION Separate Existence. A corporation through legal fiction has it own legal existence and with that existence come economic rights. Some of those rights are: the right too enter into a contract; due process protection of corporate assets against state and federal government takings; freedom of commercial speech in the form […]