Before COVID-19 hit, most people couldn’t tell you the definition of a force majeure clause. Simply put, a force majeure clause excuses a party from performing under a contract, if their performance becomes implausible or impractical, because of some unforeseen or unanticipated event. These uncontrollable events are also known as “Acts of God”. Parties often […]
With the beginning of another week living “Safer at Home”, the California Association of Realtors (“CAR”) released the “Coronavirus Addendum or Amendment” (CVA). This is an update to the Coronavirus Addendum/Amendment released last week. CAR also released a companion document entitled “Notice of Unforeseen Coronavirus Circumstances” (“NUCC”). Recently, we discussed the CVA and addressed its […]
For most Americans, the largest asset they own is their home. However, the cost of establishing an estate plan can be prohibitive for some. To create an affordable means to transfer real estate and avoid Probate, the California Assembly passed Bill (AB) 139 (codified in California Probate Code Section 5642), which created a deed that […]
