How to Reconvey a Deed of Trust People often confuse the term "Grant Deed" vs "Deed of Trust". A deed signifies the passage of property ownership from one person to another. Transferring title to real property can be completed by a Grant Deed, Quitclaim Deed, Interspousal Transfer Deed, Trust Transfer Deed or other type of deed that transfers ownership/title. On the contrary, [...] By Sandra McCarthy|August 21st, 2017|Estate Planning|2 Comments Read More
How to Transfer Real Property Title Contrary to popular belief, you do not need to hire an attorney to transfer real property title in California. In earlier days, title companies were able to prepare the necessary documents to transfer real property title. Nowadays, title companies no longer offer this service and often refer people to A People's Choice for this routine [...] By Sandra McCarthy|June 11th, 2017|Estate Planning|Comments Off on How to Transfer Real Property Title Read More
How to Transfer Real Property Title If you need to transfer real property title in California, you will be pleased to know that the process is quite simple with the right help. Property deeds are used to memorialize the transfer in the County Recorder's office. In the past, title companies offered the services of preparing deeds. Over the years, that service [...] By Sandra McCarthy|April 28th, 2017|Estate Planning|Comments Off on How to Transfer Real Property Title Read More
Breaking a Lease Due to Domestic Violence Unfortunately, many domestic violence victims believe they cannot break their lease and move away from their abuser. Civil Code section 1946.7 allows breaking a lease due to domestic violence in California. Under this statute, a survivor of domestic violence can provide his/her landlord with a 14-day notice of his/her intent to break the lease agreement. [...] By Sandra McCarthy|March 25th, 2017|Estate Planning|2 Comments Read More
Is a Medi-Cal Asset Protection Trust Necessary? On June 27, 2016, Governor Jerry Brown signed SB 833. The bill greatly reduces the scope of California’s Medi-Cal Estate Recovery against the estate of the deceased. Effective January 1, 2017, more Medi-Cal recipients can now leave an inheritance to their family without having to pay back the State upon their death. Basically, the new [...] By Sandra McCarthy|March 23rd, 2017|Estate Planning|3 Comments Read More
How to Correct an Error on a California Deed It is common for people to make mistakes on their deeds. Fortunately, in California, property owners can use a Corrective Deed to correct any error to a recorded deed. Errors should be corrected as soon as possible. Doing so will reduce setbacks in the transfer of real property later on. Read on to learn more [...] By Sandra McCarthy|March 6th, 2017|Estate Planning|26 Comments Read More
What is a Medallion Guarantee? A medallion guarantee, also referred to as a medallion signature guarantee, is used when buying or selling physical stock and bond certificates. A medallion guarantee is used to prove that the stock or bond owner has the right to sign over his/her rights to the assets being sold. A medallion guarantee may also be used [...] By Sandra McCarthy|January 15th, 2017|Estate Planning|Comments Off on What is a Medallion Guarantee? Read More
Benefits of a Realty Trust in California The transfer of the real property in California is often a key concern in estate planning. Sometimes, however, two or more people may want to hold title to real property in a trust that controls how the property is to be distributed at death. This often happens when children inherit property from parents and want [...] By Sandra McCarthy|January 2nd, 2017|Estate Planning|Comments Off on Benefits of a Realty Trust in California Read More
When a Minor Inherits Property in California Probate It is not uncommon for a minor to inherit property in California probate. Minors usually inherit property in probate when the decedent dies unexpectedly or when assets are not put into a trust properly. Under California law, when a minor inherits property or a large sum of money, an estate guardian must be appointed. Upon [...] By Sandra McCarthy|November 11th, 2016|Probate, Estate Planning, Family Law|Comments Off on When a Minor Inherits Property in California Probate Read More
Reverse Mortgage and Probate in California Are you curious how a reverse mortgage is handled in probate? Do you know what a reverse mortgage is? Reverse mortgages are like traditional mortgages. If the homeowner dies, the reverse mortgage becomes due and payable in full. As a result, the estate beneficiaries must act promptly to pay off the loan amount to prevent [...] By Sandra McCarthy|November 11th, 2016|Probate, Estate Planning|2 Comments Read More