Tag Archives: transfer of taxable value

HOW PROP 19 WILL IMPACT YOUR [...]

The recent passing in California of Proposition 19 (Prop 19 contains two changes in California property tax assessments which can adversely impact your estate plan. Limitations to the Parent-Child tax reassessment Exclusion effective 2/16/2021 The current law provides an exclusion from a property when a parent transfers ownership of a principal residence to a child, without…