Supplemental Property Taxes

They have been with us since July of 1983, but you and your neighbors still may not know what they are, what they do, and how they affect you and your property. To help you better understand this confusing subject, the California Land Title Association has answered some of the questions most commonly asked about supplemental real property taxes.

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Understanding Power of Attorney

A power of attorney (POA) is a document that allows you to appoint a person or organization to manage your affairs if you become unable to do so. However, all POA’s are not created equal. Each type gives your attorney-in-fact (the person who will be making decisions on your behalf) a different level of control.

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Understanding Probate

Everyone has a will or plan, whether created or by default. Even if you have not made out a will or a trust, you still have a plan, a plan dictated by the laws of the state where you reside upon your death. Making a will is not a way to avoid “probate”. It’s the court procedure that changes the legal ownership of your property after your death. Probate makes sure it is your last valid will; it appoints the executor named in your will and supervises the executor’s work.

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