How to Buy Out Sibling & PRESERVE...

How to Buy Out Sibling & PRESERVE Prop 13 if Parents Pass: Prop 19

Savvy Estate Planning by Jim Cunningham

Episode notes

Proposition 13 tax caps are vital, and often LOST when a sibling buys out another (This is a danger any time there’s a change of ownership--death, sale, or gift). Watch this informative webinar to learn expert legal tips on how to handle family owned properties without losing Proposition 13 taxes. When you inherit property, Prop 13 is an intersection of trust law and real estate law, as well as a whole bunch of other legal matters. The taxes on the property can end up very high if you don’t get the help of a certified specialist lawyer in Estate Planning. Anytime there’s a change in ownership, your property could be reassessed, at a higher tax cap value. Whether you think your situation is complex or simple, or if your sibling is entitled through the last will or a living trust our estate planning attorneys can explain Prop 19 in California in a  ... 

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Keywords
estateplanning prop19californiaprop13california