Deductibility of State Taxes and Interest Under the New Tax Law

By Michael Repka, Esq. (LL.M. (Taxation) NYU School of Law '01) On December 22, 2017, President Trump signed into legislation public law 115-97, more commonly known as the Tax Cuts and Jobs Act of 2017 ("TCJA"). The majority of commentators feel,…

Fixing a Decedent's Mistakes After Death—The Heggstad Petition

By Michael Repka, Esq. It is well publicized that the DeLeon Team provides clients with access to real estate and tax attorneys as part of our standard listing agreement. To our knowledge, we are still the only major brokerage in Silicon Valley…

So Your Home Didn’t Appraise, Now What?

by Michael Repka, Esq. When a buyer submits an offer on a home, they need to decide which, if any, contingencies they will include in the proposed contract. Naturally, the more contingencies, the better for the buyer, but an offer with fewer contingencies…

Time to Revisit Your Trust

by Michael Repka, Esq. Historically, there have always been three important reasons why affluent California residents should establish a family trust. First, probate costs in California are extremely high and, if properly executed, a trust can…

2018: Year in Review

By Michael Repka, Esq. By virtually any measure, 2018 has been a turbulent year for Silicon Valley real estate despite the general local economy doing very well. Overall, businesses have been thriving but there have been some hiccups along the…

Reverse 1031 Exchanges

By Michael Repka, Esq. (LL.M.—Taxation; NYU School of Law (’01)) The federal government and the state of California provide for the deferral of tax when a taxpayer exchanges investment or business real property for other real property that…

Dishonesty in Real Estate

by Michael Repka, Esq. Dishonesty in Real Estate -- Fraudulent Marketing Techniques There are an awful lot of real estate agents out there and they all seem to be scrambling for the same potential clients. Given the low barriers of entry in the…

War Stories—Overly Aggressive Lien-Holder

By Michael Repka, Esq. I recently had a listing in Palo Alto, which illustrated the importance of having free legal representation as part of the listing. The facts of this war story are interesting to say the least. The home was owned by a…