When a loved one passes away and leaves money or assets to others, a process must occur for those items to officially transfer ownership. Unfortunately, trust obligations and personal [...]
Since many probate estates have limited liquidity, they're often difficult to manage. If an estate doesn't have enough liquidity to probate, an executor or beneficiary might need to [...]
Over the last few decades, many homeowners thought that applying for a reverse mortgage was something to be done only in the most dire and desperate of times. [...]
Proposition 19 (also known as ACA 11), which will go to a vote on November 3, calls for the repeal of Prop. 58 and Prop. 193, leading to the [...]
In 1986, California voters approved a constitutional amendment under Proposition 58, allowing the exclusion of property tax reassessments when parents transfer property to their children. Ten years later, provisions [...]
The general concept of a trust is relatively simple - a formal arrangement where a party (trustor) assigns control of their property or assets to a second-party (trustee) on [...]
Before getting into the details on reverse mortgage payoffs and how they work, it can be helpful to understand what a reverse mortgage is and why a loved one [...]
When a parent dies and leaves his or her estate to children and other heirs, the estate assets must be equalized before any money or property can be distributed. [...]
Managing probate estates can be problematic for many reasons, many of which are caused by lack of liquidity in the estate. Private lending can help executors efficiently and responsibly [...]
Trustees, executors, private fiduciaries, and estate and trust attorneys routinely encounter common problems when administering cash-poor trusts or probate estates after someone passes away. These problems include how to [...]
