Bankruptcy Attorney Orange County

05/01/2024

Tickets on sale 5/1/2024 for the Free Rein Gala. Don't miss one of the most exciting events in Huntington Beach.

12/26/2023

11/05/2023

Do you love horses? Hug and Groom today at Huntington Beach Equestrian Center - you can buy tickets at the gate!

Hug & Groom 2023 at Free Rein Foundation : The first Sunday of each month

02/09/2023

Horse Owners make a safe life for your horse when you are gone. Introduction to the Perfect Equine Estate Plan (Horse Trust).

Simple and affordable and legally enfordeable estate planning to make sure that your horse is taken care of in case you cannot take care of your horse.

08/08/2020

SENIORS over 55 – CALIFORNIA OFFERS A VARIETY OF PROPERTY TAX EXEMPTONS
A homeowner can only apply one exemption to the property; choose the exemption that has the highest benefit to you.
First, Proposition 13, caps the increase in property taxes to a maximum of 2% from the appraised value of your property when you purchased it.
Proposition 60 allows you to transfer your current level of tax obligation to your new property, so long as your new property is of equal or lesser value than the property you just moved from and in the same county.
Proposition 90 allows you to transfer your current level of tax obligation to your new property if you move to a different county that has opted into the program. The counties where Proposition 90 is available are: Alameda, El Dorado, Los Angeles, Orange, San Diego, San Mateo, Santa Clara and Ventura.
This makes moving for seniors on fixed income feasible. However, you can only use Proposition 60 or 90 once in your lifetime, unless you relocate again due to a disability and didn’t use your disability as the reason you relocated the first time. This exemption is not available if you move a third time.
Once you have finalized the sale of your old home and the purchase of you new home, fill out the claim form BOE-60-AH, Claim of Person(s) at Least 55 Years of Age for Transfer of Base Year Value to Replacement Dwelling. You may obtain the form from your local County Assessor’s office.
Second, if you are 65 or older you can file for Parcel Tax Exemptions. California counties levy parcel taxes on homeowners in order to pay for certain public services such as education and utilities. The exemptions and procedures vary from county to county. You may be required to file for the exemption every year or your county may automatically apply the exemption after your first application.
Third, if you are a Disabled Veteran who was disabled through military service, the basic exemption starts at $100,000 and low-income disabled veterans around $150,000. The exact amount changes year to year according to the current cost-of-living index.
A qualifying disable veteran must meet one of the following criteria:
• Blind in both eyes
• Lost the use of two or more limbs
• Is totally disabled according to the U.S. Dept. of Veteran Affairs
• Be the surviving spouse of the veteran who died due to service-related injuries, even if the veteran wasn’t eligible while he/she was alive
For more detailed answers see:

Frequently asked questions regarding Proposition 60.

08/05/2020

Long Beach City Counsel extended evicition ban to July 31, 2020

Renters, though, must still pay back any missed rent by the end of July 2021.

08/04/2020

The current crisis is impacting millions of hardworking and responsible Americans who suddenly find themselves in a financial crunch they could never have imagined only a few months ago.

Include Your Kids as You Look to the Future

If you haven’t talked openly to your kids about your new economic reality, now’s the time. In fact, at their ages, they can be part of the solution. Get their ideas on how you cold all cut back. What are some things they’re willing to postpone until you’re working again? If you include them in the process, they’ll be less resistant – and perhaps you’ll all be less anxious as you get through these next few months together.
And then, once you’re back on an even keel, it will be time to revisit your long-term planning and saving, including building a several-month cash reserve for the next emergency. In the mean-time, take advantage of all the resources available to you, and prioritize all of your spending. Focus on what you can control as you care for yourself and your children.
Together, you’ll find your way to a brighter future.

Excerpts from The Epoch Times, July 8-14, 2020 “Laid Off and Worried About Money: What to Do Next?” by Carrie Schwab-Pomerantz, a certified financial planner, president of the Charles Schwab Foundation and author of “The Charles Schwab Guide to Finances After Fifty.”

08/04/2020

The current crisis is impacting millions of hardworking and responsible Americans who suddenly find themselves in a financial crunch they could never have imagined only a few months ago.
Review your 401(k) Options
• Leave the 401(k) with your employer plan
• Roll over to a new employer
• Roll over to an IRA
• Withdraw or cash out the 401(k)
New rules under the CARES Act allow you to take an early distribution of up to $100,000 from a retirement account in 2020 penalty-free, as long as it’s related to the coronavirus. Taxes on withdrawals can also be spread out over three years, Plus, you can avoid the taxes entirely if you pay back the distribution within three years.
Your present situation may be difficult, but you still have to protect your future. While your 401(k) could be a resource, use it only when absolutely necessary. If you have other sources of cash you may want to explore those options first.
It’s important to understand differences in fees, taxes and risks with all your 401(k) options. Discuss your situation with a tax and financial adviser.
Exerpts from The Epoch Times, July 8-14, 2020 “Laid Off and Worried About Money: What to Do Next?” by Carrie Schwab-Pomerantz, a certified financial planner, president of the Charles Schwab Foundation and author of “The Charles Schwab Guide to Finances After Fifty.”

08/04/2020

The current crisis is impacting millions of hardworking and responsible Americans who suddenly find themselves in a financial crunch they could never have imagined only a few months ago.
Do some Careful Personal Accounting.
• Focus on essentials: List what you spend on your mortgage or rent, utilities, phone/internet, groceries, insurance premiums, debt payments – anything you have to pay each month. This will help you decide where you can most easily cut back for a while
• Prioritize your debts: Debts can’t be ignored, but they can be prioritized. Once you have your essentials covered, consider temporarily paying only the minimum on mortgage/rent, car loans, student loans, and credit cards. Be proactive, and if you’re struggling, contact creditors before they reach out to you.
• Look at your budget in light of your resources. With this information in front of your, calculate how much money you have on hand and how long you can get by. Include your severance; unemployment benefits; child support; and any emergency savings.
The Epoch Times, July 8-14, 2020 “Laid Off and Worried About Money: What to Do Next?” by Carrie Schwab-Pomerantz, a certified financial planner, president of the Charles Schwab Foundation and author of “The Charles Schwab Guide to Finances After Fifty.”