Buying or selling a piece of real estate will probably be one of the biggest financial transactions you ever complete. You may spend decades paying for your home and commit a significant percentage of your regular income toward the transaction. Still, you might only...
Lawmakers in California have spent years trying to deal with a housing shortage in the state that some experts put as high as 3.5 million units. Three efforts to revise certain zoning laws have failed in recent years, but a less aggressive bill was passed by the...
Making a deal with the IRS is possible, but without an offer in compromise, or OIC, you must pay your full tax liability. Though the Internal Revenue Service does accept smaller payments, the agency won't contest the amount for you. Tax law in California requires you...
Many California residents think that establishing a valid will can eliminate their concerns regarding protecting family assets in the event of their untimely death. However, this is not always the case. Even a seemingly valid will can be contested by a potential...
Putting together an estate plan requires significant time and effort. Upon signing the various documents, the planner may feel some relief about getting things done. However, it might be premature to assume California estate planning won't require any revisitation....
As an adult worker in California, it's understandable to feel like you could be getting more from your employer. However, the company you work for might not be able to offer you a raise or monetary bonus. If you're feeling unsatisfied with the way you're getting...
California families should do what they can to avoid probate because it can be a difficult and time-consuming process. One way to keep assets out of probate is to put them in a joint tenancy arrangement. This puts the property in the name of two or more owners. Joint...
Most people have heard their whole life of the importance of creating an estate plan. Some people, for whatever reason, put off creating a will until it’s too late – perhaps because an accident or unforeseen circumstances took them from this world before they were in...
If you have an elder living in California, you may benefit from learning more about planning for incapacity. Unlike retirement or estate planning, incapacity planning is preparing for the possibility, rather than the inevitable. Incapacity is defined as the inability...
Many people in California confuse tax avoidance and tax evasion, but tax avoidance is legal while tax evasion is illegal. Knowing the difference between tax avoidance and tax evasion might help you to lower your tax bill while avoiding criminal liability. Tax...
