CA Elections, What’s on The Ballot? Prop 33 & 19 Explained
Are you concerned about protecting your family’s wealth amidst changing property laws in California? In this informative video, Gilfix Law unravels the complexities of Prop 33 and Prop 19, crucial propositions that could impact California real estate and estate planning. Discover how Prop 33 could expand rent control and how Prop 19 might significantly affect property taxes when passing real estate to the next generation. With insights into these propositions’ potential implications, this video offers valuable legal advice on safeguarding your property and maintaining low property taxes. #prop33 #proposition13 #ab1482 #taxassessment #legalinsights CHAPTERS: 00:00 – What’s Not on the Ballot 00:33 – Prop 19 Property Taxes Issue 03:04 – Prop 19 Property Taxes Solution 09:34 – Prop 19 Future Outlook 09:55 – Importance of Timely Action 10:10 – Staying Safe and Healthy This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Breaking the Mold: How I Chose Passion Over Paychecks
I grew up in a small town, surrounded by peers with far different backgrounds at Stanford. While most chose big law firms, my wife and I took a different route—building a nonprofit and dedicating our lives to community service. This is our story of passion, purpose, and breaking the mold. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
2024 Elections: How They Impact Your Estate Planning
Worried about how the 2024 elections might shake up your estate planning? This video dives deep into the potential impacts, focusing on the intricacies of Prop 19, California real estate laws, and the looming changes in property taxes. With the unpredictability of political outcomes, especially in light of past elections, it becomes crucial to stay one step ahead in safeguarding your estate from unforeseen legislative shifts. From discussing the Costa Hawkins Act’s potential repeal to the feared estate tax cliff of 2026, our experts unravel the complex web of estate planning, property laws, and tax implications. Key topics include the importance of proactive estate planning, the implications of California’s shifting political landscape on your property and taxes, and why relying on Congress for bailouts might not be the wisest strategy. We also cover actionable steps you can take to ensure your estate planning is robust against the backdrop of political change. CHAPTERS: 0:00 – 2024 Elections Estate Planning Impact 1:09 – Estate Planning Beyond Voters Congress 1:39 – Potential New Estate Laws 2024 4:14 – Estate Tax Cliff 2026 Prediction 6:38 – Continuous Estate Planning Importance 7:38 – Comprehensive Estate Plan Checklist 9:44 – Overcoming Death, Disability, and Divorce in Estate Planning This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Modern Family Estate Planning Myths DEBUNKED!
Are you confused about estate planning myths portrayed in popular TV shows? In “Modern Family Estate Planning Myths DEBUNKED!”, expert estate planning attorneys challenge misconceptions about estate planning and property law as seen in Modern Family. They delve into key issues such as California real estate, Prop 19, and the intricacies of property taxes, while emphasizing the importance of understanding separate property laws in California. Discover why inherited assets aren’t automatically community property and how these misconceptions might affect your own estate planning strategies. If you’ve ever wondered if what you see on TV aligns with real estate laws, this video is for you. With a professional yet approachable tone, the attorneys at Gilfix Law offer valuable insights, debunking myths and providing clarity on estate planning complexities. CHAPTERS: 00:00 – Intro 00:13 – Modern Family Clip Highlights 01:32 – Modern Family Clip Analysis 02:19 – Suggest Debunk Topics This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com #debunkingestateplanning #thefarrelllawfirm #bridgetmackay #estateplanningmyths #estateplanningmisconceptions source
Why Adding Your Child to Your Home Title in California is a Bad Idea
Adding your child to the title of your home in California can lead to immediate and significant property tax reassessment and loss of the stepped-up cost basis for capital gains taxes. This move could also expose your home to your child’s creditors. Learn why it’s essential to avoid this common mistake. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Avoid Prop 19 Pitfalls: Tips to Protect Your Property
**Are you aware of the Top 3 Prop 19 Mistakes That Could Cost You Millions?** If you own property in California, this video is essential for you. Mark Gilfix from Gilfix & Associates dives deep into the implications of Prop 19 on California real estate, estate planning, and property taxes. In this educational video, Mark discusses the upheaval caused by the demise of Prop 13 and the enactment of Prop 19. He outlines three critical mistakes families often make when planning for Prop 19 or failing to plan altogether. You’ll learn about the potential pitfalls of adding a child to the title, gifting property without careful consideration, and the dangers of no planning or improper planning. Mark also addresses the common misconceptions and provides actionable steps to protect your family’s assets for generations. **Key Topics Covered:** – Impact of Prop 19 on primary residences and rental properties – Will Prop 19 be repealed? Spoiler: No – Common planning mistakes and how to avoid them – Solutions to safeguard your property from massive tax reassessments Don’t let Prop 19 catch you off guard. Take action now to secure your family’s financial future. Contact Gilfix Law for personalized legal advice and tailored estate planning solutions. CHAPTERS: 0:00 – The Demise of Prop 13 in California 0:40 – Why You Should Care About Prop 19 3:08 – What is Prop 19 7:43 – Will Prop 19 Be Repealed 8:58 – How Prop 19 Affects Your Family Home 9:13 – Other California Tax Measures You Should Know About 12:05 – What You Don’t Need a Lawyer For 13:03 – What’s at Stake: $3.3M Home 17:52 – Mistake #1: Not Planning for Prop 19 20:24 – How to Protect Your Property from a Massive Reassessment 23:00 – How We Can Help You 24:54 – Hope is Not a Strategy – Take Action Now 26:10 – Contact us at gillfix.com This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Passing Wealth: Right & Wrong Ways Revealed
Secure your legacy and steer clear of common estate planning pitfalls with Mark and Michael Gilfix, the seasoned experts from Gilfix Law. In this must-watch video, they delve into the intricate world of estate planning, sharing invaluable insights garnered from decades of experience with diverse families. Whether you’re managing modest assets or vast wealth, understanding the nuances of estate planning is crucial. This discussion explores the definition of wealth, the impact of property tax changes brought by Prop 19 in California, and strategic ways to safeguard your assets from unnecessary losses. The Gilfix duo addresses vital topics such as the importance of proper documentation—trusts, powers of attorney, and advanced directives—and the perils of inadequate planning that could lead to increased property taxes or mismanaged inheritances. Are you aware of how new legislation could affect your estate taxes? Are you taking the right steps to protect your legacy from legal pitfalls? Watch as the Gilfix team explains the essentials of estate planning and the specific challenges posed by California real estate laws. CHAPTERS: 0:00 – Understanding Wealth 5:28 – Passing Wealth to Next Generation 12:52 – Mistakes in Wealth Transfer 14:35 – Effective Wealth Transfer Strategies 20:45 – Viewer Engagement Prompt 21:19 – Appreciation and Farewell This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
AI’s Legal Chaos: What You Must Do to Safeguard
Are you prepared for the potential legal storm AI could bring? In this eye-opening video, Gilfix Law uncovers the looming threats AI poses to your assets, revealing how it could lead to an unprecedented rise in frivolous lawsuits. Discover why estate planning and asset protection are more crucial than ever. Explore how AI’s efficiency might put lawyers out of work, leading to more desperate attorneys willing to pursue baseless cases. As AI empowers unscrupulous law firms to automate and increase lawsuit filings, it’s vital to safeguard your California real estate and understand Prop 19 implications. Learn about strategies like asset protection trusts, and why flaunting wealth could make you a target. CHAPTERS: 00:00 – AI Increase Frivolous Lawsuits 00:24 – AI Lawsuit Trends 02:14 – Protecting Assets from Lawsuits 02:38 – Avoid Flaunting Wealth This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Why Naming the Right Successor Trustee in Legal Documents Matters
Selecting a responsible and trustworthy person as your successor trustee and healthcare proxy is crucial. The right choice ensures your medical and financial matters are handled properly; the wrong choice can lead to serious complications. This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source
Avoid These 3 Prop 19 Planning Traps NOW!
Are you making these critical Prop 19 planning mistakes? In this eye-opening video, the experts at Gilfix Law discuss the top three Prop 19 planning traps that could lead to significant property tax reassessments and unwanted capital gains taxes. From adding your child to the title incorrectly, to gifting your property prematurely, to relying on improper planning methods like living trusts or family entities—learn why these common strategies can backfire and how to avoid them. Discover essential insights on California real estate, estate planning, and property taxes. Gain a clearer understanding of the legal intricacies surrounding Prop 19 and ensure your family’s financial security. CHAPTERS: 0:00 – Mistake #1: Adding Your Child to Title – Estate Planning 0:37 – Mistake #2: Gifting the House to Your Child – Tax Implications 1:28 – Mistake #3: No Planning or Improper Planning – Legal Issues 2:06 – Don’t Make These Mistakes – Estate Planning Tips 2:45 – Outro This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues. To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com source