Dear Clients and Friends, Aside from child custody, the most emotionally charged issue in a divorce is usually who gets to keep the house. For most couples, a house is their most valuable asset, and it has an enormous symbolic value as well. But while couples often … [Read more...] about Divorce and thoughts on selling the family home.
Real Estate Law
Dear Clients and Friends, The essence of Community Property law concepts in California - and in other community property jurisdictions such as Alaska, Nevada, Idaho, Oregon, Washington Arizona, Lousiana and Texas - is the recognition that both spouses make valuable … [Read more...] about Property division in a California Dissolution of Marriage action
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
Dear Clients and Friends, If you lease your home to someone for a week or two through Airbnb, HomeAway, FlipKey, or some other short-term rental service, do you have to report the income on your taxes? Maybe! The answer can be complicated. In general, the key question is … [Read more...] about Short-term rentals (such as Airbnb) can create tax issues
Dear Clients and Friends, Companies that are leasing their own space for the first time are often surprised by the terms of a commercial lease – and even companies that have leased space before sometimes overlook important points where they might be able to negotiate matters to … [Read more...] about What businesses need to know about commercial leasing
Dear Clients and Friends, Married couples who own property in California should take title as Community Property (not as joint tenants). Why community property? If married couples hold property as joint tenants, they only get a step-up in basis* (see definition below) in … [Read more...] about ￼How should California married couples hold title to Real Estate?