Trap for the Unwary (Married Couples Only—But Also Important for Single Individuals)
Many people only think about a “step-up” in basis when assets are inherited. (“Basis,” simply put, is the price you paid for an asset like…
-
-
Understanding Proposition 19-Property Tax Reassessment and the Parent-Child Transfer Exclusion
On February 16, 2021, Proposition 19 went into effect, which limited the property tax reassessment exclusion to the current assessed value plus $1,000,000. Moreover, under…
-
Biden’s Proposed Tax Plan
Now may be your last chance to use your $11.7M Gift Tax Exemption which is at a historically high level. For single people with an…
-
Have you recently gifted property to your children because of CA Proposition 19?
Have you gifted property to your children? Many people did before the Proposition 19 deadline in February 2021. Here are some important items that you…
-
Rent Control SFU Exemption Deadline
DEADLINE APPROACHING - If you are a landlord exempt from statewide rent control in California, you must notify your tenants that you are exempt in…
-
BBL COVID-19 Update
During this tumultuous and uncertain time of the coronavirus crisis, we want to reach out and let you know that the law office of Baker,…
-
How to Negotiate Casualty Issues in Commercial Leases
With worsening wildfires, heavy rains, and mudslides threatening commercial structures across the State, the importance of casualty provisions in California commercial leases has increased in…
-
Baker, Burton & Lundy Congratulates New Law Partner Clint Wilson
Baker, Burton & Lundy is proud to announce that transactional attorney Clint Wilson has been made a partner at the Hermosa Beach law firm.
-
How to Negotiate Common Area Costs (CAM) in Commercial Leases
How can you keep CAM costs low? Attorney Clint Wilson gives several Tenant Tips to help negotiate Common Area Costs in commercial leases.