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Assembly Bill 139

What Is Assembly Bill 139?

On September 21 of 2015, Assembly Bill number 139 was approved by the Governor of California and filed with the Secretary of State with regards to the creation of “revocable transfer upon death deeds” (RTDD) that would facilitate the non-probate transfer of real estate. Effectively, the bill provides a method for the owners of real estate to ensure that a piece of property is expeditiously transferred to the intended beneficiary without the review of a probate court. The bill is in place until January 1 of 2021, after which the creation of new RTDDs will depend on an extension of the bill. All RTDDs created during the bill’s tenure will last until otherwise revoked.

Why the Need for a Change?

While probate courts serve the purpose of resolving the complicated affairs of large estates upon a person’s passing, they are primarily intended for superfluous assets that have a high value. Normally, you can bypass the probate courts for pay-on-death accounts, estates whose total value is less than $150,000, or items valuing less than $100,000 if you so choose, but most pieces of real estate will have values far exceeding the limit of the simplified procedures. The courts can be held up for as long as a year under normal circumstances if there are legal concerns, holding the real estate in limbo until the matter is resolved. If there are more complicated issues and concerted legal efforts on multiple sides, it can go on indefinitely. The legal fees associated with a probate court average at $26,000.

When the property is a family home, this mire of time and money creates a staggering upheaval in the lives of survivors that is unneeded.

What Protections Are in Place Against Abuses of the RTDD?

At any time, issuing a new RTDD will override any previously issued RTDDs.

If a person is found to have committed a felony resulting in the death of the decedent or intentionally brought about their death through any means, then the terms of the RTDD are nullified. This is the same as any other form of transfer upon death, including those that normally go through the probate courts, as a basic legal precaution against rewarding people for murder. There is also a 120-day moratorium on selling a home after receiving it due to an RTDD to limit its potential usefulness in confidence schemes.

Should You Consider an RTDD?

An RTDD will be a valuable tool for leaving property to those who may occupy a special place in your life yet not fall under the definition of family. If you have a lifelong romantic partner, a friend, or another person you find deserving for your own reasons, then you can leave have the notarized deed guarantee that they will receive the real estate.

The deed is also a way to reduce some of the estate costs that will cut into your legacy without the legal complication of estate planning or forming a trust.

Ultimately, the RTDD is a new tool that homeowners can use to ensure that their property moves as intended after their death with low costs and relative ease. You should keep the possibility of using a revocable transfer upon death deed made possible by Assembly Bill 139 in mind when purchasing a new home or planning your estate.

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New Home Construction @ PGA West

Yes, New Homes are now available at PGA West. In fact, there are 2 projects currently underway. 

One project is called “Signature @ PGA West” This one is a cluster of 230 homes offering 1 and 2 story attached and some unattached homes. Ranging in size from 1471 sq ft to 3471 sq ft Models for these homes, are now open for inspection. The “Signature” homes have an onsite sales office with agents and a decorating staff to assist you. Myself, or any other agent can show you these homes and represent you in the transaction.  Price for these homes range from the low $4’s to high $9’s

Second, a cluster of new homes under construction, 39 to be exact, are all free standing unattached homes located inside the Greg Norman Residential Gate.  The models for these homes will be ready mid to late January.  These homes will be between 2600 sq ft and 3300 sq ft. They will be well appointed with pools, etc.  Price for these homes are estimated to be between $700,000 and $900,000, yet to be determined. If you wish to be kept informed on their progress, send me a message. 

Best Regards,SAL PUGLISI
California Lifestyle Realty
SalPuglisi.com
Email: spug0408@aol.com
Cell# 760-600-6006
Fax# 760-771-2133
CalDRE Lic# 01885491

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Truly Authentic Italian Cuisine

Trattoria.  Recently I wrote about the different types of Italian Restaurants
and how the restaurants name usually defines the restaurants style and
presentation.

Last week I had the opportunity to be in Boston to attend a Red Sox
game at Fenway Park.  This was after we had visited our ancestral
city of Manchester New Hampshire a place we had not been for 40 years.
While in Boston I could not resist a trip to the “North End” home of
some of this countries best Italian restaurants, an area I had frequented
while living in the Boston area in the mid 60’s.

348sAll that said, I want to tell you about one of the most authentic and unusual
restaurants anywhere.  Trattoria Il Panino, specializing in Mediterranean
Cuisine of the Amalfi Coast, Italy.  Panino’s, a small restaurant serving
lunch and dinner.  Since our time was limited we decided to be there for lunch.
Friends, Vinnie and Rose LaBonia, from New Haven Connecticut came up
to Boston on the train and we meet for lunch.  Everything on the menu
is awesome with each dish served fresh, i.e., prepared on the spot.  Now
the unusual way the pasta dishes are served is what is special.  Each
pasta dish is served to you in the sauce pan it was prepared in.  That’s
right, not on a dish, the actual sauce pan the pasta and sauce choice was
prepared in comes from the fire and placed before you.  All Pasta and meat or
fish dishes are all prepared individually and served the same way.  Such a treat.

Any trip to Boston has to include a stop at Panino’s.  Don’t expect much
in terms of atmosphere or grandeur, just truly authentic Italian cuisine.

 

Best Regards,SAL PUGLISI
California Lifestyle Realty

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Ever wonder why some restaurants are called Bistro?

Ever wonder why some restaurants are called Bistro, others Bar & Grill
and/or simply Restaurant. In Italy, Restaurants are usually called, Ristorante,
Trattoria and sometimes Osteria. In Italy, the name defines the service and
type of restaurant you are considering.

A Ristorante in Italy offers a more formal presentation. Food is served in
a very special way with table cloths, napkins and a full table setting of plates
and silverware. Usually higher priced and several courses served.

On the other hand the Trattoria, is a more casual setting and represents
an eating establishment which one would visit for a good meal at a fair
price and is perhaps a regular locals spot. No frills, good food at reasonable
prices.

Now, the Osteria, which you would not see here in America, is the oldest
form of restaurant in Italy and stems from the days of horse and carriage
travel where hungry folks would stop along the wayside at an Inn for food
and lodging. As time went on over night lodging gave way to serving local
food specialties and locally made wines. You might say it was like our pubs.

I know of one restaurant which calls itself an Osteria. It is in Salt Lake
City, Utah. I will write about it in my next blog post. It is outstanding!

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Which Retirement Community is right for you?

Not sure which Retirement Community is right for you Sal Puglisi talks about the top 9

With breathtaking landscapes and abundant activities, La Quinta is an obvious choice as a retirement destination. The area offers a selection of upscale communities, perfect for exploring the area and soaking in everything La Quinta has to offer. This article will show you the 9 best luxury retirement communities in La Quinta, CA.

Each community offers its own personality and unique set of amenities. With so many excellent choices, narrowing down the options calls for the help of a local area expert. Your friend Sal Puglisi has the scoop on each of these top retirement communities and can serve as your guide in finding the one that best suites your lifestyle.

PGA West

For golf fanatics, there’s no place better than PGA West. The 20,000-acre community features six world-class golf courses for a total of 106 challenging holes. But, golf isn’t the only game in town. PGA West residents have access to a fully-equipped fitness facility and 19 tennis courts. Homes in the community feature open floors plans and elegant, resort-style living and come complete with a social membership at the exclusive PGA West Club.

Trilogy at the Polo Club

With construction beginning in just 2013, Trilogy is a brand new luxury gated community developed by Shea Homes. While Trilogy is an all-ages community, there are several neighborhood reserved for adults over the age of 55. Residents of the 800 homes will enjoy access to a 25,000 square-foot resort club, expected to be completed in 2015. Catering to an active lifestyle, the club will feature a fitness center, yoga studio, demonstration kitchen, market and an upscale restaurant and bar. Conveniently located near the best art galleries and restaurants in the area, this exclusive community is also far enough from the hustle and bustle of city traffic and congestion to provide a peaceful escape.

Go to Trilogy at the Polo Club’s Retirement Community Website Now

Rancho La Quinta

This all-ages community combines beautiful homes with ample amenities and a carefree, laid back lifestyle. Over 900 homes are sprinkled around two meticulously manicured golf courses. When residents aren’t golfing or taking in sweeping views of the Santa Rosa mountains, the Racquet Club offers a state-of-the-art fitness center and a tennis pro shop. A 23,000 square-foot clubhouse boasts several dining options ranging with spaces for everything from intimate meals to large events.

Go to Rancho La Quinta’s Retirement Community Website Now

Andalusia at Coral Mountain

For blending luxury living with an active lifestyle, Andalusia is the place to be. There are plenty of ways to get moving with an 18-hole golf course, nine tennis courts and a massive fitness center. Ample hiking and biking trails wind through the community to provide a unique way to experience the scenery of the Santa Rosa Mountains. A resort-style pool and spa offer a chance to relax and unwind. Andalusia takes pride in a friendly, welcoming vibe that makes residents and guests feel right at home.

Go to Andalusia at Coral Mountain’s Retirement Community Website Now

The Citrus Club

This charming community combines old-world architecture with modern amenities. Located at the prestigious La Quinta Resort, residents have the added benefit of preferred pricing on spa, salon and food services and may take advantage of the fitness facilities and pools at the resort. There’s no shortage of activities, thanks to 23 tennis counts at the resort, an 18-hole golf course, two lap pools plus an additional 42 pools at the resort, and a full fitness center offering classes ranging from Zumba to power walking.

Go to The Citrus Club’s Retirement Community Website Now

The Hideaway

With just 446 residences, The Hideaway is a quaint community perfect for indulging in upscale ambiance and luxury living. The Hideaway Club features a full-service salon and spa, a resort-style pool complete with cabanas, a wine cellar, tennis courts and a dining room with stunning views of the mountains. Fitness lovers will enjoy the modern facility with personal trainers as well as cardio, Pilates and yoga classes.

Go to The Hideaway’s Retirement Community Website Now

Tradition

This 450-acre mountainside community places golf front and center. Sprinkled around an 18-hold course, homes in the exclusive Traditions community feature Spanish Revival and Mediterranean architecture wrapped in understated elegance. Homeowners enjoy a social membership at the grand Tradition Golf Club, perfect for indulging in fine dining and taking advantage of the 9-hole short course and the up-to-date fitness center.

Go to Tradition’s Retirement Community Website Now

Mountain View

Lush surroundings and superb amenities mean that Mountain View Country Club is not to be missed. Spanish-style homes feature sweeping views of the community’s lakes, golf course as well as the Santa Rosa Mountains. Golfers flock to the 18-hole course designed by none other than Arnold Palmer. The community also offers an upscale spa, fitness center and a clubhouse with fine and casual dining. With so many at your fingertip, you’ll scarcely need to leave the gates, but Old Town La Quinta, with its shops and restaurants, is just around the corner.

Go to Mountain View’s Retirement Community Website Now

The Palms

This small community is big on luxury and landscape. With over 1,000 mesquite trees and 2,000 date palms, the scenery is some of the lushest the desert has to offer. Just over 100 homes are scattered around the perimeter of an 18-hole golf course so that everyone has an outstanding view of the greens as well as the mountains. A private dog park with a bubbling fountain means that furry friends also have a place to play.

Go to The Palms’ Retirement Community Website Now

Learn More About Luxury Retirement Communities in La Quinta, CA

With abundant choices in luxury retirement communities, each featuring exquisite settings, ample recreation activities and luxury amenities, there is something to make every retirement dream a reality. The Sal Puglisi has the knowledge to help you identify the luxury retirement community that suits your taste and lifestyle.

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Sal knows where to dine in La Quinta 

Where to dine in La Quinta 

Whether you are considering a new home in the La Quinta area, or you have lived here for years, finding a great place to grab a bite to eat is always fun. As long time residents of the desert, we have had the chance to try out many restaurants in the area. Here are our favorites.

Sal’s Top Picks

•         La Brasserie Bistro, 78-477 Highway 111, La Quinta. (760) 771-4400

•         If you are looking for the perfect French bistro, this is it. Light, simple dishes are beautifully presented to make this restaurant a delight. Enjoy bistro-style seating indoors or consider sitting outside in the courtyard. Start with appetizers or salads in the $9 to $14 range–I recommend the Steamed Mussels Mariniere and Duck Confit Tacos. Entrees start at $25 and wine by the glass starts at $8.

•         Cunard’s Sandbar, 78120 Calle Tampico, La Quinta. (760) 564-3660

When you want to go where everybody knows your name, Cunard’s is where you want to be. The food is simple and consistently delicious every day. The menu includes Italian dishes, beef choices, and a few fish plates. I recommend the Charred Roasted Anaheim Chile stuffed with four cheeses, especially as part of Happy Hour.

Have you had the chance to stop in to any of these locations? Do you have any favorites that you think should have made it to the list? Let us know in the comments below.

Bon Apetit!

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La Quinta Real Estate Projections

La Quinta Real Estate Projections 2015

A resort city, La Quinta was noted as one of the fastest growing cities in the country. This is driven significantly by the fact that the area is home to a number of top-notch, award-winning golf courses and their highly desirable communities. Because the region also includes plenty of social, cultural and recreational opportunities for you to enjoy, 2015 is a prime time to purchase La Quinta real estate, such as a getaway home or retirement retreat.

Continued Growth is Expected

The real estate market showed promising signs of growth during 2014 and this upward trend is expected to continue during 2015. In fact, projections show that sales of existing homes could increase as much as eight percent. This is partly attributed to the continued availability of prime real estate offerings in highly desirable locations that come complete with many of the most requested amenities. In addition, many home buyers in the market today believe that an increase in both housing prices and interest rates is imminent which is predicted to fuel further growth.

Housing Prices will Remain Flat

Expect to see the prices of existing homes to remain steady with only slight increases of about four to five percent over the course of 2015. This means you can continue to get significantly more house for your dollar compared to just a few short years ago. 2015 marks a fantastic year to take the leap and purchase that vacation home you have always wanted. However, it is important to not let this home buying opportunity slip past you as home prices are expected to continue to rise slowly over the course of the coming months.

Interest Rates will Climb Slowly

This year is a fabulous year to retire to Coachella Valley and find your perfect retiree home. Even though interest rates have remained low for the past few years, you can expect that trend to change — albeit slowly. The Federal Reserve Bank traditionally increases its target rate by the end of the year. This means that by mid 2015, the projected interest rate for a 30 year fixed rate mortgage will likely be about five percent. While this rate is still quite low, it is a barometer for what is to come in the coming years and ultimately makes your home buying dollars less productive. The moral of this story: close on your chosen piece of La Quinta real estate sooner rather than later during 2015, if at all possible.

Competition May Increase

According to projections, those people that fall within the same segment of the population as yourself will be the very ones who are looking hardest at La Quinta real estate during 2015. As people reach retirement age or decide that they are ready to scour the market for a vacation home, Coachella Valley looks quite attractive. With the region’s stellar climate and proximity to many cultural amenities, recreational facilities and entertainment options, you can expect to find more competition for those homes that meet your needs as the year unfolds. Putting your real estate needs in motion now helps to significantly increase the likelihood that you will be able to purchase the home of your dreams.

It’s no secret that the real estate market has taken a hit these past few years. After all, this segment of the economy was one of the impetuses behind its nosedive. Things have slowly started to turn around for the economy in general, though, and this has been largely fueled by an uptick in the housing market. In fact, 2015 looks to be a banner year in the La Quinta real estate market, brimming with opportunities that you do not want to miss.

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Voted the Best Place to Retire in the US

Voted Best Place to Retire in the US

The Coachella Valley, which consists of numerous resort style destinations such as Palm Springs, Palm Desert, La Quinta, Rancho Mirage, and Indio, has become one of the best places to retire in the United States. It attracts people from all over the world due to its picturesque landscape, rich culture, great restaurants, and diverse communities.It is no surprise to the valley locals why this little desert haven was voted to be the best place to retire in the US, but just in case you are unfamiliar with the area or are considering relocating, here is a rundown of some of Coachella Valley’s best features.

1. Sun, Sun, and More Sun!

The weather is one of the many reasons people move to the area. With extremely mild winters and literally just about 365 days of sun, give or take a few stormy days here and there, the Coachella Valley weather is pretty much consistent. Summers are extremely hot but it’s a dry heat that is tolerable as long as you stay indoors during the months of July to September. If you’re like many of the snow-birds (seasonal residents), you run off to Canada or other cooler regions during the worst part of the summer and return in the fall when the weather is absolutely perfect.

2. Enjoy the rich valley landscapes.

The beautiful landscape itself sells the area to many people. Imagine picturesque desert valleys surrounded by the San Jacinto Mountains, vast green landscapes that double as lush green golf courses, and streets lined with the tallest palm trees – it doesn’t get any better (and calming) than this.

3. Play golf among its luxurious greens.

Golf is not just a sport or pastime in this desert region – it’s a way of life. With some of the most beautiful courses and prestigious clubs in the US, Coachella Valley is a golfers’ paradise. With exclusive country clubs and luxury homes built directly on the course, residents can just step right outside their doors onto the greens.For an unparalleled golfing experience like no other, do check out courses such as the Indian Wells Golf Resort, the Silver Rock Resort and the TPC Stadium Course at PGA West in La Quinta, the Desert Willow Golf Resort in Palm Desert, and the Marriott’s Shadow Ridge Golf Club in the Palm Desert.

4. Live where the stars come out to play.

Known as the “Playground of the Stars,” famous celebrities such as Frank Sinatra, Bob Hope, Sonny Bono, and Gerald Ford put Palm Springs on the map. Now, a new crowd of young celebrities calls the desert home, with the likes of Leonardo di Caprio who just bought his own home in the area.

5. The Coachella Valley is rich in culture and arts.

The valley has always been a very popular tourist attraction, but even more so now with major music, film, and art events happening in the area. A great example of this would be the Coachella Music Festival which is a two-weekend event held every April in Indio. This festival usually showcases popular and established musical acts, as well as emerging artists who make it into the limelight. This musical event is one of the largest and the most famous music festival in the world.

6. Desert Real Estate

Should you decide to relocate to the area, there are a lot of real estate options to choose from. There is literally something for every family and budget – gated communities, country clubs, single family homes, rentals, condos, vacation homes, senior living properties, and luxury estates.

7. Community Stats

The low crime rates, excellent healthcare, and proximity to beach cities make the Coachella Valley an ideal place for seniors and retiring baby boomers to live. There is always something new to look forward to in the area due to the non-stop development of different infrastructures. The local economy is also driven by tourism, as a lot of tourists like to visit the valley for a weekend vacation.Everybody wants to live, or retire, in a peaceful yet active environment. Taking into account all the great features of the desert, there is no doubt why Coachella Valley has been Voted the Best Place to Retire in the US.

For details and listings contact: Sal Puglisi  http://salpuglisi.com/