California Probate Fees

California Probate Fees Currently, California Probate Code 10800 sets the compensation for the Personal Representative and for the Attorney for the Personal Representative of an Estate that is subject to Probate as follows: Four percent on the first one hundred thousand dollars ($100,000). Three percent on the next one hundred …

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The California Housing Finance Agency (CalHFA)

The California Housing Finance Agency (CalHFA) has as its mission to finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership. To accomplish its goal, the agency has four separate divisions: homeownership programs, mortgage insurance, multifamily …

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Get Your Finances in Order: To-Do List

1. Develop a household budget. Instead of creating a budget of what you d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs …

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California 1031 Exchange Audits

If you are attempting a 1031 exchange you need to keep your tax records squeaky clean because one of the top audit issues continues to be like kind exchanges, also known as 1031 exchanges. Under IRC Section 1031 and conforming California laws, if certain conditions are met, taxpayers may defer …

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Low Income Purchase Assistance (LIPA) Program

The City of Los Angeles Housing Department’s (LAHD), Low Income Purchase Assistance (LIPA) Program offers purchase assistance financing to eligible first-time, low income homebuyers seeking to purchase eligible homes in the City of Los Angeles.  LAHD provides assistance in the form of a deferred loan for purchase assistance (down payment …

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