Prop 19 california explained: How can you minimize property taxes (or the inheritance tax) when you leave your family home or vacation home to your kids? Watch to find out! Book a Call at https://www.cunninghamlegal.com/book... for a consult on property tax, inheritance tax, or other estate planning needs!

Our California Living Trust and Estate Planning attorneys are experts in Prop 19 transfer strategies and can explain how to save potentially hundreds of thousands, depending on the size of your estate!

The passage of Proposition 19 on the November 2020 ballot radically altered the landscape of PROPERTY TAXATION in California. Along with changing rules on tax assessment transfers, Prop 19 destroys or threatens the inheritance of Prop 13 caps on singlefamily, multifamily, commercial, and industrial property. In this LEGAL WEBINAR, our expert Jim Cunningham examines the consequences and possible change of ownership strategies for property owners: anyone with children or grandchildren may want to consider immediate action to avoid property reassessment!

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CONTACT us at https://www.cunninghamlegal.com/calif... to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.

WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information

00:00 How to Pass on Real Estate Under Prop 19
02:52 Understanding Proposition 19
12:49 Prop 19 Takes Away Parent to Child Reassessment Exclusion
18:36 CoTenancy Exclusion
25:21 Use of Prop 13 Compliant LLCs To Hold Real Property
41:53 Beware the Step Transaction Doctrine!
47:18 Contact Us

FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!

PHONE: 18669883956 for a consultation on a California Living Trust!

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