What to DO with Real Estate After Somebody Dies?

In California, when someone dies who is responsible for their estate? What do you do with real estate after someone dies? Most of the time, it depends on how Title is held. 👉 Book a Call at https://www.cunninghamlegal.com/book-... for estate planning, real estate sales, and trust administration. Do you know what NOT to do when someone dies? Learn how to efficiently manage real estate after a property owner's death in our webinar. Discover essential steps such as notifying the assessor, recording an affidavit of change of trustee, transferring property deeds, and navigating reassessment issues and exclusions. Perfect for attorneys and future trustees, this session will arm you with practical strategies for handling California properties. Enhance your expertise, streamline trust administration, and learn some tricky compliance requirements. -Contents of this video------ 0:00 Intro to what to do with real estate when someone dies 3:51 What to do with real estate after somebody dies? 8:36 Can real estate be kept out of probate court? 17:06 What is a trust administration 19:01 Title matters! 46:26 Debt on real estate 49: 41 Mandatory reporting to assessor at death 58:11 New federal reporting requirements for LLCs, partnerships, corporations and business trust 59:46 Death, capital gain and tax avoidance: understanding the basics of basis 1:03:41 Federal Estate tax and state death tax: aka death taxes 👉 Book a Call at https://www.cunninghamlegal.com/book-... to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer. SUBSCRIBE to California Estate Planning YouTube Channel https://www.youtube.com/c/CunninghamL... CONTACT us at https://www.cunninghamlegal.com/calif... to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California. WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys! PHONE: 1-866-988-3956 for a consultation on a California Living Trust! #cunninghamlegal #estateplanning #realestate