California’s Proposition 19 changed the way families think about inherited property, property tax reassessment, and long-term estate planning. For decades, many California parents could pass real estate to their children while preserving a low property tax basis under Proposition 13. That changed significantly when Proposition 19 took effect. This California property tax law now places strict limits on when children can keep a parent’s lower assessed value after inheriting property. The rules … [Read more...] about Proposition 19: The California Property Tax Law That Changed Everything
Proposition 19 and Repeal the Death Tax Act (VIDEO)
In this vlog, Litherland, Kennedy & Associates Attorney Maggie LaBranch-Gonzales discusses the Repeal the Death Tax Act, a project of the Howard Jarvis Taxpayers Association to repeal the negative effects of Proposition 19. Please note that the direct link to the petition is: https://reinstate58.hjta.org/wp-content/uploads/2023/10/Official-Repeal-the-Death-Tax-Petition-plus-Instructions-and-Top-Funders-Sheet-October2023.pdf. YOU MUST PRINT AND SIGN THE PETITION WITH PAPER AND INK AND MAIL … [Read more...] about Proposition 19 and Repeal the Death Tax Act (VIDEO)
