The good news? There still may be hope for those who missed the boat on planning before Prop 19 became effective!Prior to February 16, 2021, real property was reassessed at market value if it was sold or transferred, and often times property taxes increased dramatically as a result. After February 16th, passing real property to…

Under Prop 19, the “HomeownersExemption” Allows for Reduction in Property Value for Tax Purposes We have received numerous calls on how the recently passed Proposition 19 will impact residential property taxes when handed down to children and beneficiaries.In response to these questions and more, Partner, estate planning attorney and tax planning attorney, R. Zebulon Law…

The Pros & Cons This November, California voters approved Proposition 19, which expanded some property tax exemptions for people 55 and over, but also increased property taxes in many future property transfer situations when there is a death in the family. The quick recap is there are some property tax PROS for eligible homeowners to…

A number of parents strive to create an estate during their lifetimes to pass along to their children. Often times inheritable estates include a personal residence, a family vacation home, or maybe even an income producing property. The idea of passing along real estate to the next generation is an extremely generous gesture, and a…

  By R. Zebulon Law, Esq. LL.M., CPA This morning (December 22, 2017), President Trump signed H.R. 1, the Tax Cuts and Jobs Act.  This is the most significant tax legislation in 30 years, and we wanted to share some of our initial impressions and observations with our clients and friends. Probably the most signification…

Dear friends, family and clients: We wanted to make you aware of a recent legislative change that will go into effect in the new year. The California State Senate passed the Building Homes and Jobs Act (SB-2). The bill’s purpose is to provide funding for affordable housing in California, it will be funded by an…

by Megan A. Moghtaderi, Esq. & Christina B. Yee Bunny ears and cotton tails, the iconic symbols of Playboy and its founder Hugh Heffner.  Heffner passed away on Tuesday, September 27, 2017 at the age of 91 at the famous Playboy Mansion.  The Mansion was both his personal home, and the center of Heffner’s empire…

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