ou can also pay to download court documents from the Los Angeles Superior Court. It has never been easier (or more important) to put your affairs in order and bring calm in a world of uncertainty.


or Call (310) 935-0706 to book your time with the Attorney. We look forward to serving you.

Misusing Joint Tenancy as a form of Estate Planning

While owning property in joint tenancy does avoid probate, this estate planning method comes with certain negative tax consequences. Transfers in joint tenancy expose those assets to the joint tenant’s debts and creditors, creates a gift tax liability when granted to a non-spouse, disinherit children of first marriage when the joint tenancy is given to a second marriage spouse, and most notably – defeats the step-up tax basis between husband and wife at the first death, because only the deceased spouse’s cost basis gets the step up in value, and the surviving spouses does not.