A tax-shelter that eliminates capital gains, recapture taxes, and gives your heirs a nice tax break.

Want to create a tax-shelter that eliminates capital gains, recapture taxes, and gives your heirs a nice tax break?

All you have to do is die.

You may not want to rush to take advantage of this extreme tax strategy but you should know that keeping your home until death, and in a living trust, has distinct advantages. At death, your estate avoids both capital gains and recapture taxes, and passes the home to your heirs at a fair-market stepped-up basis.

Unfortunately may people decide, without advice, to put their heirs on title with them as Joint Tenants. The problem is the heir(s) take over at your tax basis and may have to pay capital gains and recapture taxes when selling the home. Plus if the heirs have creditors they could then attach your home if they obtained a judgment against your heir(s).

The best advice it to get advice.

Services

Estate Planning

Plan to Prosper is our motto. Our compassionate Estate Planning team will help you design a plan that is right for you. We will listen to your wishes and needs and develop a plan that will last for years or even generations.


Business Law

Business planning involves many things including tax planning, liability protection, succession planning, and image. A well planned business is the first step to a well run business. Again, Plan to Prosper!


Bankruptcy

Our office represents individuals in filing for Ch 7 bankruptcy protection. Our Chico, Roseville and Sacramento offices are conveniently located to serve clients throughout Northern California.


Personal Injury or Contract Dispute

If you have been injured as a result of an automobile or motorcycle accident, unsafe consumer products, falling on a negligently maintained premises, or in a boating or an airplane accident, we can help you eliminate the financial hardship and get the recovery you deserve.