Category Archives: Insights

Prop 19_family home

Hot Estate Planning Issue: CA Prop 19

Prop 19_family home

HVP Law Offices

Were you planning to leave your primary residence or other property to your children or grandchildren in your living trust or will? Proposition 19, which recently passed by 51% on the November ballot, is changing the reassessment exclusion between parents and children as we know it.

You need to make some important decisions quickly.. If you act now, you can transfer property to your children without triggering a reassessment. You can transfer a primary residence of any market value as long as the assessed value is … Read More