Please note: The material in these articles, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the posts. The articles should not be considered, nor are they intended to constitute, legal advice. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500.
When thinking about your estate planning, the first thing that may come to mind are your real property, personal property, savings and checking accounts, and/or stocks. But what about your digital assets?
In California, if the decedent’s assets are worth no more than $150,000, beneficiaries of a Will or the heirs of a decedent may be able to gain title to the assets through a Small Estate Administration. This process is an easier alternative to probate but has restrictions.
The California Employment Development Department (EDD) may audit your business. Based on their audit, EDD may determine that some of your workers are not independent contractors but employees subject to employment tax-related deductions. In that event, EDD will issue a “Notification of Audit Results and Right to Review Audit File”. EDD may at the same time issue a “Notice of Assessment”, or they may give you some time to review and discuss the “Audit Results” before issuing an assessment.
On Tuesday, February 24, 2015, Ron Chauvel and associate Angel Riley appeared as guests on the Chinese radio show known as Sound of Hope Radio Network, FM 96.1. During the segment, Ron and Angel provided the Mandarin-speaking audience general information on estate planning, the differences between a Trust and a Will, the purpose of the Powers of Attorney, and answered callers’ questions.
For all real property, the County records deeds and maintains records to determine title. Over time, a number of changes can occur such as: a joint tenant passes away; you create a Trust; a Trustor dies; you gift away all or part of your interest in the real property; a divorce; or some other reason to change title to real property.