Kathleen M Lane

California Homeowners Guide Kathleen M Lane

This book explains the unique probate laws and property tax rules applicable to California homeowners. Knowing these rules can help homeowners protect the value of their home. California Probate Code. A new California law lets homeowners file a real estate beneficiary deed and keep their home out of [robate without making a trust or hiring a lawyer. If you keep your home out of probate, another new law protects the equity in your home from Medi-Cal estate recovery claims. A Will Does Not Avoid Probate. The way you title your property decides whether your home is part of your probate estate. Prop 13. California is the only state where estate planning includes passing your Prop 13 tax basis to your children or grandchildren. Protect The Value Of Your Home If you or your parents own a home in California, the information in this book will help protect the value for your and your heirs. This book is a must read for homeowners, realtors, financial planners and estate planning lawyers.