Everything You Need to Know About the CA Statewide Rent Control Bill On October 8th, 2019, CA Governor Gavin Newsom signed bill AB 1482, also known as the Tenant Protection Act of 2019, effective January 1, 2020, in efforts to ease the housing crisis. The sunset...
Split Role Property Tax Initiative makes it to 2020 Ballot. Commercial and Industrial Properties May Be Subject to Reassessment In the 1970s Californian voters passed Proposition 13, which set the property tax rate cap at 1% of the assessed value of real property at...
Bay Area Property Ownership: Joint Tenancy, Tenants in Common or Community Property? In California, when you own real property with another person, you can hold it in one of 3 different ways: Joint Tenancy; Tenants in Common, and; Community Property Joint Tenancy In a...
CALIFORNIA’S PROPOSED ESTATE TAX FAILS IN SENATE WILL NOT, FOR NOW, MAKE IT TO THE 2020 BALLOT California State Senator Scott Weiner recently introduced Senate Bill 378, which would impose gift, estate, and generation-skipping taxes on all transfers after December 31...
Some Basic GRAT Concepts Grantor Retained Annuity Trusts (GRATs), described in Code Sec. 2702(b), are successful in transmitting property out of a property owner’s estate at no estate tax cost and no or minimal gift tax cost to the extent the assets contributed to the...
