BACK TO BASICS: AUTHORIZED SIGNATORIES
After weeks or even months of negotiating a contract, everyone is overjoyed to circulate signature sets, which most often include signature lines left blank to be filled in by each party. Once the completed signatures are circulated, the parties are happy that the “deal is done”. However, it can be easy to overlook the fundamental question of […]
PROPERTY TAX CONSIDERATIONS IN SUCCESSION AND ESTATE PLANS
In California, property owners can pass certain real property to their children without increasing property taxes. However, few people incorporate property tax considerations into their succession planning. In this article, we discuss the potential techniques as well as pitfalls to consider when transferring California real property in succession planning. BACKGROUND ON PROPOSITION 13 Proposition 13 […]
