Lakeport, CALake County News

Estate Planning: Life estates

Lifetime gifting of property is an approach to estate planning that has its place under the right circumstances. Lifetime gifting can either be outright or subject to a retained interest by the donor. An owner of real property, who owns their property free and clear, can deed (gift) their real property to another and still reserve (retain) a life estate for their lifetime. A deed with a life estate approach has its pluses and minuses.
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jeffkram.com

1010 PENELOPE COURT, LAKEPORT, CA 95453

This home is a compliment to Lake County's magnificent true beauty. as it is situated in a cul-de-sac in one of the most peaceful neighborhoods. It would surely make an excellent vacation rental or primary residence as it is located in Lakeport not far from the biggest natural bass fishing lake in California. This 4 bedroom, 2 bath home has been newly remodeled with new paint, flooring and granite countertops throughout. The bathrooms have been upgraded with new cabinets and sinks, and the kitchen with new appliances and sink. The kitchen features a spacious pantry, breakfast bar and plenty of storage for all your amenities. Beautiful open floor plan, central heating & cooling and ceiling fans throughout. Large bedrooms, some with walk-in closets, and the master bedroom features and extremely large bathroom with a large soaking tub. The front yard is landscaped with a timed sprinkler system, and the backyard is very large, with a covered back porch. This home is a definite must see!
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Kelseyville, CAjeffkram.com

5380 OLYMPIA DRIVE, KELSEYVILLE, CA 95451

Nice,Clean affordable home in the Kelseyville Rivera! 2bed/1bth, approx. 1156sqft home with a good sized all fenced back/side yard.New Paint inside and out, New carpet and fixtures. Large 2 car garage with lots of storage(other possibilities). Stainless Steel appliances(Whirlpool and Bosch) and newer hot water heater. Home is waiting on a new owner to add in the customized personal touches, great price to move in and make it yours! Just down the road from Community Pool, Riviera shopping center & a short drive to local schools. Great option for FHA, USDA, or VA buyers! The home is located just a stone's throw to boating, water sports, and world class fishing on beautiful Clear Lake.The view from the spacious great room includes an awesome view of Mt. Konocti. Konocti Harbor Resort to open soon.
jeffkram.com

13698 LAKESHORE DRIVE, CLEARLAKE, CA 95422

Looking for an immaculate, turn-key, lake-view home? Say no more!!! The incredible view of Clear Lake and Mt. Konocti speaks for itself. Extensively updated to accommodate your family's needs and so much more. 2 bdrs on each floor. The upstairs and downstairs have an interior & exterior entrance, which is ideal for renting or Air BnB. What's new? Completely updated, contemporary style kitchen with items such as the copper 'atomic starburst' chandelier, a new 10 farmhouse sink and gorgeous semi-custom cabinets. Brand new solid hickory floors. New wool carpet. Updated master bedroom and bathroom. New 4th bedroom which is adjacent to the new stairwell and glass block banister. Updated breakfast nook and living room. Custom tiled walk-in shower, newly tiled floors with grey wood-look porcelain tile, sleek new Euro vanity, built-in linen cupboard. In addition, there is new paint, a newer roof, terracing, a new electrical panel w/ permit. Central Air/Heat. Call 707 339 2250 for more info!
jeffkram.com

16051 39TH AVENUE, CLEARLAKE, CA 95422

Affordable and move in ready home in Clearlake, CA! This cute and cozy property has received fresh paint (inside and out), new carpet, new roof, new gas oven/stove, new light fixtures and more. Interior has a nice, open floor plan, interior laundry area, 2 bedrooms, 1 full bathroom and a cozy kitchen with dining area. This home is situated on a large lot with an ample sized detached 2 car garage and has a long, level driveway and additional parking pad with potential hook ups for your RV. There is also a detached shed for you to use for additional storage if you need. Located close to hospital, shopping and schools.
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Clearlake, CAjeffkram.com

10715-10719 LAKESHORE DR, CLEARLAKE, CA 95422

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Lakeport, CALake County Record Bee

Lifetime gifting of property

Lifetime gifting of property is an approach to estate planning that has its place under the right circumstances. Lifetime gifting can either be outright or subject to a retained interest by the donor. An owner of real property, who owns their property free and clear, can deed (gift) their real property to another and still reserve (retain) a life estate for their lifetime. A deed with a life estate approach has its pluses and minuses.
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