Why Use a Revocable Living Trust in California Estate Planning

 

 

Why do financial estate planning? 

 

Protect your property and assets from probate. 

 

Protect your heirs from creditors and lawsuits.

Designate guardians for children. 

Plan for time of potential incapacity.

 

Maximize the privacy of your financial affairs      

 

Primary Advantages of Using a Revocable Living Trust

• Property held by the trust would pass to beneficiaries according to private trust declaration and not be subject to California probate and court rules.
•  Property owned and passed to beneficiaries should be a private matter, not according to public records and not court supervision.

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HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – also a lawyer licensed by the California State Bar, member #69137.

Professional REALTOR® agent representation and for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, and bankers, with listing and sale of properties at Orange County, CA

This is for information only and not the providing of legal or tax services.  You should consult with a lawyer or income tax professional prior to making decisions about your financial and other estate planning. 

Please contact me here for reference to highly qualified estate planning lawyers here at Orange County, CA.

Posted via email from Explore OC Homes

Top Short Sales at Laguna Beach CA Real Estate

 

Spectacular Laguna Beach CA real estate has short sale listings showing that this local market also has interesting value opportunities.

286 Laguna Beach CA homes and properties are now active listed for sale - some of the most spectacular ocean view homes - with average list price of more than $3,600,000. 

25 of the Laguna Beach CA real estate for sale listings are short sales – with average list price of $1,636,263.  

 

 

 

Three Arch Bay home at South Laguna Beach - $2,995,000 - short sale - 3 bedrooms and 4 baths - MLS# S653746 - IDX link

 

 

 

 

 

 

Coast Royal home at Laguna Beach with ocean and Catalina views - $1,795,000 - short sale - 3 bedrooms and 4 baths - MLS# L37330 - IDX link

 

 

37 Laguna Beach short sales have sold with closed escrows so far this year – with average sold price of $1,080,427. 

CONTACT US here about listing and sale of any Laguna Beach at Orange County CA equity or short sale property.

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HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – also a lawyer licensed by the California State Bar, member #69137.

Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, and bankers, with listing and sale of properties at Orange County, CA

Some information here is from CRMLS multiple listing service, IDX link to particular properties, and is for properties listed by all brokers and agents.

Contact us about listing and selling of homes and properties at Laguna Beach and Orange County CA real estate.

Posted via email from Explore OC Homes

Top Short Sales at Costa Mesa CA Real Estate

 

Short sale listings at Costa Mesa CA real estate show that this local market has lots of distressed homes and properties.

217 Costa Mesa homes and properties are now active listed for sale - with average list price of $535k. 

71 of those Costa Mesa listings are short sales (33 percent of market) - with average list price of $422,506. 

 

Mesa Verde detached single level home listed at Costa Mesa - $779,000 - 4 bedrooms and 3 baths - MLS# S674476 - IDX link

 

 

 

 

129 Costa Mesa short sales have sold with closed escrows so far this year - with average sold price of $497k.  

 

 

 

East Costa Mesa home listed - $749,000 - 3 bedrooms and 3 baths - MLS# S676807 - IDX link

 

 

CONTACT US HERE about stopping foreclosure and listing and sale of your Costa Mesa and Orange County CA property.

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HARRISON K. LONG - REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) – ExploreProperties@gmail.com (email) - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® - also a lawyer licensed by the California State Bar, member #69137.

Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, and bankers, with listing and sale of properties at Orange County, CA

Some information here is from CRMLS multiple listing service, IDX link to particular properties, and is for properties listed by all brokers and agents.

Contact us about listing and selling of homes and properties at COSTA MESA and Orange County CA real estate.

Posted via email from Explore OC Homes

CAP Rates Help Real Estate Investors Determine Value

 

Investors look at Capitalization rate (or "CAP rate") of a property to help determine value.

CAP rate is ratio between the net operating income (NOI) produced by an asset and its capital cost (the original price paid to buy the asset) or alternatively its current market value. 

CAP rate  =  Annual Net Operating Income (NOI) of an asset (property) divided by COST (or current value of the asset)

The higher the NOI is in relationship to cost (or value) of the property, the higher the CAP rate would be.  When investors see higher CAP rates, they value proposition better.

CASH FLOW -  money the investor will have after collecting monthly income from property and paying all expenses (including property taxes, insurance, maintenance, mortgage, etc).  But CASH FLOW is different for each potential buyer and impacted by expenses, like property taxes, insurance, maintenance, and debt service payments.  Loan or debt service payments will directly relate to interest rates, amortization period, and down payment.  Different buyers will use different kinds of financing, and one is likely to have higher debt payments than the other and different CASH FLOW.  So CAP rates help investors more in determining value.

 

CAP RATES are a better measure of a property’s investment potential, regardless of what specific buyer and debt payments.  CAP RATE should be the same regardless of who is buying, and different investors can do an apples-to-apples comparison of the same property, is equal to return on investment (ROI) the investor receives if he pays all cash for a property, and is a good tool to help determine value.   

Investors always want to see properties with higher CAP rates to determine positive value.  It makes sense that some look at proposed CAP rates here at Orange County, CA ...  of about 5 percent ... and want to get improved value with lower prices.

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HARRISON K. LONG - REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) – ExploreProperties@gmail.com (email) - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® - also a lawyer licensed by the California State Bar, member #69137.

Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, and bankers, investment group managers, with listing and sale of trust and probate estate properties at Orange County, CA

Contact us about listing and selling of homes and properties at Orange County CA real estate.

Posted via email from Explore OC Homes

Single Level Detached Homes at Irvine CA Real Estate

 

Irvine CA - single level detached homes get lots of buyer attention and normally sell faster than others at Irvine CA real estate - while ranging in price from $339k at Orangetree patio home - to more than $6 million for a Shady Canyon estate. 

 Northpark village single level home at Irvine - $938,800 - 3 bedrooms and 2 baths - MLS# S674582 - IDX link  

Turtle Rock area home - $1,275,000 - 4 bedrooms and 3 baths - MLS# S677216 - IDX link   

Turtle Rock Broadmoor home at Irvine - $820,000 - 3 bedrooms and 2 baths - MLS# S668774 - IDX link 

Click here to see all 56 SINGLE LEVEL DETACHED HOMES now listed at IRVINE CA REAL ESTATE.  

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HARRISON K. LONG - REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) – ExploreProperties@gmail.com (email) - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® - also a lawyer licensed by the California State Bar, member #69137.

Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, and bankers, with listing and sale of trust and probate estate properties at Orange County, CA

Source is IDX link to Carets MLS and is for information only about listings by all brokers and agents and is not the providing of legal or tax services.  

Contact us about listing and selling of homes and properties at Irvine and Orange County CA real estate.

Posted via email from Explore OC Homes

Investment and Income Properties at Newport Beach CA Real Estate

 

Newport Beach CA homes and real estate - investment and income property opportunities - are what people are talking about - especially because of solid rental demand, high rents, moderated selling prices, attractive loan rates, and locations close to the Pacific ocean. 

 

 

 

 

 

Oceanfront duplex - Seashore Drive property on the sand at Newport Beach - $4,199,000 - 2 units - MLS# U11001890 - IDX link

 

 

 

 

 

 

 

 

Channel duplex home at Newport Beach - $1,999,995 - 2 units - MLS# S630252 - IDX link

 

 

 

 

 

 

Neptune duplex at Balboa Peninsula - $1,985,000 - one block from ocean - 2 units - MLS# U11001275 - IDX link

 

 

Click here to see active link - NEWPORT BEACH INVESTMENT AND INCOME PROPERTIES now listed for sale.

Please contact us with your questions about Newport Beach CA investment properties.

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Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, and bankers, with listing and sale of trust and probate estate properties at Orange County, CA

HARRISON K. LONG - REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) – ExploreProperties@gmail.com (email) - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® - also a lawyer licensed by the California State Bar, member #69137.

Source is IDX link to Carets MLS and is for information only and not the providing of legal or tax services.  

Contact us about listing and selling of homes and estate property at Newport Beach and Orange County CA real estate.

Posted via email from Explore OC Homes

Ways to Protect Your Estate Assets from Lawsuits at Orange County CA

 

Probate courts in California are full of people prosecuting lawsuits and claims against decedent estates, trusts, trustees, administrators, executors, heirs, beneficiaries, and family members and caretakers. 

So do your financial estate planning at Orange County CA carefully and protect your assets as much as possible from such lawsuits.

1.   Treat siblings fairly in your will and estate planning documents.

2.   Decide and confirm who gets what treasure. 

3.   Keep track of loans and advances.

4.   Transfer a business with signed purchase contract.

5.   Check and clarify ownership of what you leave.

6.   Get and use your own lawyer.

7.   Consider a corporate executor (not a personal executor).

8.   Establish that you are of sound mind (perhaps video interview).

9.    Include a "no contest clause" in your will.

10.  Make any "disinheritance" clear in your will.  (However, I don't like the "disinheritance" concept and would not recommend it as an estate planning tool.) 

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Source of information is Forbes.com article - "10 ways to lawsuit protect your estate" - This is for information only and not the providing of legal or tax services.   

Professional REALTOR® agent representation and help for private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, and bankers, with listing and sale of trust and probate estate properties at Orange County, CA

HARRISON K. LONG - REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage - 949-854-7747 (phone) – ExploreProperties@gmail.com (email) - CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® - also a lawyer licensed by the California State Bar, member #69137.

You should always hire an estate planning and tax lawyer for advice and direction about your own situation.  Contact us about listing and selling of trust and decedent estate property at Orange County CA real estate.

Posted via email from Explore OC Homes