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



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