When it comes to estate planning, understanding tax implications is often just as important as deciding who inherits your assets. One of the most significant tax benefits associated with inheritance is the step-up in basis. At Katzner Law Group, we help families plan for the future while minimizing tax burdens. In this blog post, we’ll […]
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Key Takeaways Adding a spouse to a mortgage requires lender approval because it changes the loan agreement. A deed proves property ownership, while a mortgage represents the loan obligation. Some lenders allow mortgage assumption so a spouse can take over the loan. Loan modification may allow adding a spouse without refinancing. Adding a spouse to […]
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When navigating property ownership in California, understanding the documentation involved is essential. One such crucial document is the grant deed. At Katzner Law Group, we specialize in estate planning, including real estate transfers for our estate planning clients, helping clients confidently manage the legal intricacies of property ownership. In this article, we explore the role […]
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At Katzner Law Group, clients often approach us with concerns about property ownership, especially in situations where their name is on the deed but not on the mortgage. This legal distinction can feel confusing and carries important implications for ownership rights, financial liability, and estate planning. Whether you’re in this position due to family arrangements, […]
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A lien can be placed on your property without your immediate knowledge. Typically, when someone places a lien on your property, they are required to notify you. However, communication delays can prevent you from being informed right away, especially if your mailing address is outdated. Any liens against your property become public records when they […]
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Key Takeaways Property ownership after a co-owner’s death depends on the deed’s ownership structure. Joint tenancy with survivorship transfers the deceased owner’s share automatically to surviving owners. Tenancy in common allows a deceased owner’s share to pass to heirs through a will. Tenancy by the entirety transfers full property ownership to the surviving spouse. If […]
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If you live in California, you may be able to transfer your real property to your heirs upon your death without going through the probate process. By naming a specific beneficiary or beneficiaries on their deed, a California property owner can transfer ownership of their property to their heir using the revocable transfer on death […]
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A deed is a written document that transfers ownership of a property from one party (grantor) to another (grantee). It defines who owns the property and describes the property that is owned. The person whose name is on the deed holds title to the property. Title is a legal concept, not a legal document. It […]
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As people get older, they may consider adding their child to their bank account or the title to their property. Giving your child direct access to your bank account can simplify bill paying if your child handles those chores for you. It is also a common misconception that adding your child to your accounts or […]
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A quitclaim deed is a legal document used to transfer ownership of real property from one person to another. They are most commonly used to transfer the title to property between people who know each other well or to fix an error on the title. Unlike a warranty deed, a quitclaim deed does not have […]
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