Remove the 'Lawyer Tax' on Real Estate
By Jon Coupal and Jennifer Marks
When confronting a complex legal issue, it is wise to seek the professional advice of an attorney. Regrettably, however, some issues have been rendered unnecessarily complex in order to protect the "turf" of the legal community.
This is exactly what happens in California when it comes to designating a beneficiary for your real property. Under current law, real estate is passed to heirs through a will, trust or by joint tenancy with right of survivorship. Wills have to be probated through Probate Court, a costly and time-consuming process that entails both attorney and court fees. Trusts are usually created by an attorney and need to be updated periodically. Both methods are unnecessarily expensive.
Showing posts with label lawyer tax on real estate. Show all posts
Showing posts with label lawyer tax on real estate. Show all posts
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