6-17-17 Attorney Jonathan Lee: Living Trust and Prop 13


Tax Attorney Jonathan Lee met an enthusiastic crowd last Saturday to give a lecture regarding the benefits of having a living trust created to protect your assets and make sure the transfer of said assets takes place in a swift and manner with minimal fees. The lack of a living trust could cause your assets to stay in probate court which is a lengthy and expensive process. Jonathan covered various scenarios where a living trust would come in handy whether it be for a relative who lives out of the country but owns US Assets or if you wanted to make sure that the rights to a property stay within your family should your son or daughter get divorced.

Jonathan also covered the finer details of Proposition 13 and what transaction do and don’t trigger property tax reassessment. Scenarios where discounted property sales effectively become gifts and thus are subject to gift taxes were also covered.

For more information about the presentation or to set up one on one consultations regarding your real estate needs contact us at info@justglobal.net