Tag Archives: Trust and probate property

Does a Will Cover Everything I Own?

Does a Will Cover Everything I Own? No. Generally speaking, your will affects only those assets that are titled in your name at your death. Those assets that are not affected by your will include Life insurance. The cash proceeds … Continue reading

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Positive Economy Trends Appear at Orange County, California

There are positive local economic trends appearing at Orange County CA in several sectors.  Job numbers for Orange County CA during December 2011 had big year-over-year gain in number employed – largest increase in number of OC working people since January 2001 … Continue reading

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Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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