Tag Archives: fair market value
Real Estate Property Transfers In California: Reasons, Methods and Issues
Even though the number of home sales has diminished in recent years, many people are still transferring real estate property for a variety of reasons. The most common type of property transfer is for a parent who transfers the title … Continue reading
Posted in California Real Estate Law, Estate Tax, Gift Tax, Residential Real Estate, Tax Law, Uncategorized
Tagged Asset Protection, community property state, fair market value, Fannie Mae, Joint Tenancy, Living Trust, medical benefits, Probate, probate court, property agreement, property tax assessment, property title, Property Transfer, reduce taxes, refinancing a home, right of survivorship, Spousal petitions, Tenancy in Common, underwater property, unmarried couples, verbal agreement
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Gifts For Your Children: Selling or Transferring Property To Your Kids (Plus a Few Tax-Time Tips)
At this time of the year, we feel compelled to remind our followers of a couple of tax-time tips, all of which we have discussed several times in recent months: Recent changes to the law have forced financial institutions that … Continue reading
Posted in Estate Planning, Estate Tax, Gift Tax, Radio Show: Wealth Preservation and You, Residential Real Estate, Tax Law, Trusts & Estates
Tagged Brokerage Accounts, estate plan, Estate Tax, fair market value, inheritance, inheritance tax, irs office, licensed real estate broker, Offshore Assets, real estate, tax time tips
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What To Do With Your Underwater House: Options Include Loan Modification, HARP, Short Sale, Foreclosure
We have written before about the current situation across the country in which so many homeowners have mortgages that are underwater. The coming tsunami of foreclosures on distressed properties is bound to have an impact on the slowly recovering real estate market. … Continue reading
Posted in Distressed Property, Loan Modification, Residential Real Estate, Short Sale
Tagged A Paper loan, abandoned property, AnnualCreditReport.com, balloon payments, Brent T. White, California, California real estate attorney, cancellation of debt, COD, Connie Yi, CPA, credit score, deferred payment, Distressed Property, fair market value, FDIC, foreclosure, Form 1099A, Form 1099C, free credit report, government initiatives, HARP, Home Affordable Refinance Program, income level, interest rate reduction, KDOW 1220 AM, leveraging assets, liar loan, Loan Modification, lower monthly payments, Making Home Affordable, MHA, modify mortgage, mortgage modification, MP3 podcast, Net Present Value Calculator, overdue payments, radio program, real estate market, refinancing, residential property value, San Francisco Bay Area, short sale, tax liability, Underwater House, Wealth Preservation and You
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Tis The Season For Charitable Gifting: Options Include Charitable Trusts, Private Foundations & Donor-Advised Funds
Seasons greetings! With the holidays upon us, along with the looming end of the tax year, our thoughts have turned to charitable gifting as a way to help those in need, by diverting a portion of potential tax payments to … Continue reading
Posted in Charitable Planning, Estate Planning, Tax Law, Trusts & Estates
Tagged 2011 tax year, arms length, brokerage account, capital gains tax attorney, capital gains taxes, Certified Public Account, Charitable Gifting, charitable giving, Charitable Lead Trust, charitable organization, charitable planning attorney, Charitable Remainder Trust, Charitable Trust, charitable trust fund, Charitable Trusts, Charitable Unit Trust, Charles Schwab, Connie Yi, direct donation, Direct Gift, Donor-Advised Fund, Donor-Advised Funds, Donor-Advised Funds Guide Sheet, fair market value, financial records, IRS, IRS.gov, KDOW, letter of confirmation, Life Cycle of a Private Foundation, non-profit, not-for-profit organization, Office of the Attorney General, Pleasanton, Private Foundation, Private Foundations, San Francisco, San Francisco Bay Area, San Jose, San Mateo, self dealing, stock ownership, tax calculations, tax filing, Tax Information for Charities, tax law attorney, The Law Offices of Connie Yi, transfer ownership, trustee, Vangaurd
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California Real Estate Short Sales: The Ins & Outs of Flipping & Flopping and Other Home Buying & Selling News
Everyone pays more when below-board practices affect an industry. In the world of buying and selling California real estate, honest home buyers and sellers are affected negatively when short sales become a prominent part of the landscape. A short sale … Continue reading
Posted in Residential Real Estate, Short Sale
Tagged Bakersfield.com, California real estate, depressed market, distressed homes, fair market value, flipping, flopping, foreclosure, home buyers, home loan, home owner, interest rates, lender, mortgage, mortgage holder, property, real estate agent, real estate appraiser, real estate market, real estate taxes, Residential Real Estate, San Francisco Chronicle, selling price, SFGate.com, short sale, thestreet.com
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