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Are you inheriting property in California? Discover how California's Proposition 19 (Prop 19) impacts inherited property taxes and what strategies can help you save thousands. In this episode, we dive deep into the complexities of Prop 19, covering key topics such as property tax reassessment, capital gains tax avoidance, and navigating scenarios involving multiple heirs. Learn about the critical Prop 19 exemptions that allow beneficiaries to maintain lower property tax rates and the one-year deadline for moving into inherited property. We also emphasize the importance of securing proper estate legal representation to maximize your benefits under Prop 19. Timestamps: 00:00 - Introduction to Prop 19 00:29 - Understanding Cost Basis and Capital Gains 01:59 - Exemptions and Property Tax Reassessment 03:01 - Complications with Multiple Beneficiaries 03:23 - Key Deadlines and Legal Representation 04:52 - Final Tips and Conclusion Don't miss this essential guide to maximizing your inheritance under California's Prop 19. Perfect for beneficiaries, estate planners, and real estate professionals looking to understand the ins and outs of California's inheritance laws. #CaliforniaRealEstate #EstatePlanning #Prop19 #TaxSavings #InheritedProperty #RealEstateTips #CaliforniaLaw