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Prop 19
Prop 19 passed on November 3, 2020 and goes into effect in February of 2021. Prop 19 has a number of important consequences for inherited properties in California. Families now have a short period of time to take advantage of the current law and its rules regarding the “Parent Child Exclusion” for gifts of real...
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If you own a property, you’re likely very familiar with the concept (and payment) of property taxes. Property taxes are due annually when you own a piece of real property (land/building) and are generally based on the assessed value of your property at the time you bought it, plus adjustments for inflation.   Typically the...
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