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The information and materials on this Web site are provided for general informational purposes only, and are not intended to be legal advice. We attempt to provide quality information, but the law changes frequently, and varies from jurisdiction to jurisdiction. The information and materials provided are general in nature, and may not apply to a specific factual or legal circumstance. An attorney and client relationship should not be implied. Nothing on this Web site is intended to substitute for the advice of an attorney; therefore, if you require legal advice, please consult with a competent attorney licensed to practice in your jurisdiction.
Understanding the Generation-Skipping Transfer Tax
/by Garmo & Garmo, LLPThe 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
/by Garmo & Garmo, LLPCommercial 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
/by Garmo & Garmo, LLPCalifornia’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 […]
Why it is Important to Get a Land Survey Before Purchasing Commercial Real Estate
/by Garmo & Garmo, LLPBefore investing in commercial real estate, conducting a thorough land survey is one of the most important steps you can take to protect your investment. A land survey can reveal boundary disputes, easements, encroachments, and potential land use restrictions and provide you with a clear picture of what exactly you are buying. Whether you’re planning […]
How to Plan for Your Child’s College Education Using Trusts
/by Garmo & Garmo, LLPPlanning 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?
/by Garmo & Garmo, LLPThe 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
/by Garmo & Garmo, LLPWhen 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 […]
Month-to-Month vs. Fixed Term Commercial Leases: Legal Advantages and Disadvantages
/by Garmo & Garmo, LLPAs a business owner in California, your choice of commercial leases and how you rent commercial space is a critical step that can shape your company’s future. The type of lease you choose – whether it is a month-to-month lease or a fixed-term lease – can significantly influence your ability to manage costs, adapt to […]
The Importance of Estoppel Certificates in Commercial Real Estate Transactions
/by Garmo & Garmo, LLPWhen a commercial property is sold or refinanced, tenants are often asked to sign an estoppel certificate to confirm the key details of the lease such as the rent, lease terms, and any outstanding obligations. Although it might appear like just another formality, an estoppel certificate can impact your rights as a tenant, especially if […]
Navigating Zoning Laws in Commercial Property Acquisitions
/by Garmo & Garmo, LLP