Entries by Garmo & Garmo, LLP

What are the Three Primary Types of Commercial Property Leases?

A commercial lease is a legally binding agreement between a landlord and a business tenant for the use of a property for business purposes. Unlike residential leases, commercial leases are highly negotiable and can vary significantly in their structure and financial implications. These leases typically have longer terms, more complex provisions, and fewer consumer protections […]

Understanding the Generation-Skipping Transfer Tax

The Generation-Skipping Transfer Tax (GSTT) is a complex federal tax that can significantly impact how you transfer assets to grandchildren or other “skip persons.” This tax applies to transfers that skip a generation, such as gifts from grandparents to grandchildren, and is designed to prevent wealthy families from avoiding estate taxes by skipping generations. The […]

Title Issues that are Unique to Commercial Property Transactions

Commercial real estate transactions in California represent significant investments and opportunities, characterized by a higher degree of complexity compared to residential property deals. These transactions often involve intricate legal and financial considerations, including zoning laws, environmental regulations, and complex title issues. Title companies play a crucial role in these transactions, conducting thorough title searches to […]

Zoning Appeals and Zoning Use Changes for Commercial Property Owners in California

California’s zoning laws and regulations can pose major challenges for commercial property owners looking to develop, expand, or repurpose their properties. These laws and regulations might not always align with your business needs and appealing denials or requesting zoning use changes often involves dealing with complex legal and bureaucratic processes. A single misstep on your […]

How to Plan for Your Child’s College Education Using Trusts

Planning for your child’s college education is one of the most important financial commitments you will make as a parent. With the rising costs of tuition and other related educational expenses, it’s essential to have a well-structured plan in place to secure your child’s academic future. While traditional options like 529 plans and custodial accounts […]

What is the Outlook for Commercial Real Estate in 2025?

The commercial real estate market in California has always been a dynamic and influential sector, often setting the tone for trends across the nation. As 2025 approaches, the industry stands at a crossroads, shaped by years of economic turbulence, shifting market dynamics, and evolving business needs. While cities like Los Angeles and San Francisco remain […]

The Pros and Cons of Joint Tenancy in Estate Planning

When it comes to estate planning, joint tenancy often seems like an appealing option for individuals looking for a straightforward way to transfer property to their loved ones. With its promise of avoiding probate and ensuring a seamless transfer of ownership upon death, joint tenancy is considered a simple and effective tool for managing real […]