What do Patagonia and Ben & Jerry’s have in common? No. They are not making an ice cream, which might be interesting and possibly delicious.
In 2015, Governor Jerry Brown signed Assembly Bill 139, and he established a procedure to transfer real property upon death through a revocable transfer on death deed. This new procedure allows for you to list a beneficiary on a deed for real property that is then recorded with the San Diego County Recorder’s Office. The transfer on death deed allows people that cannot afford a trust to transfer their real property to avoid a procedure called probate.
All of your problems are solved then, right? Not necessarily. An estate plan will always a be superior method of planning versus a transfer on death deed. This is because you probably have more assets than a real property and it will only take care of the property. Additionally, what if something happens to the beneficiary listed on the deed? Then you are back to square one, i.e. probate, when this could have been avoided by a trust.
Coastal Pacific Law attorneys are experienced in probate and estate planning in North County and San Diego, and can help with your deeds or estate plan. If you are interested in a transfer on death deed then contact our firm today. We can draft your transfer on death deed now for $395.00.
My office has received many questions about same-sex estate planning in the past few months and wanted to address some of them.
Last year the Supreme Court in Obergefell v. Hodges, 135 S.Ct. 2584 (2015), ruled that same-sex couples could get married in every state. At the time of the Obergefell ruling, thirty-seven states, already recognized same-sex marriage. Only thirteen states had bans on same-sex marriage, which are now unconstitutional.
CROWDFUNDING, VENTURE CAPITAL, AND GOVERNMENT GRANTS
Starting a business can be an exciting, yet costly endeavor. Entrepreneurs need Startup capital to cover the cost of living expenses, salaries, overhead, legal fees, filing fees, marketing/advertising, shipping costs, and even production costs. There are numerous funding options available, from interest free loans to venture capital.
By Tristan Younghaus, Esq.
Have you ever thought about starting a non-profit?
In 2014 the Internal Revenue Service (”IRS”) drastically changed the process of applying for tax exemption status under Section 501(c)3 of the United States Code by releasing the IRS Tax Form 1023-EZ.