Inherited a Property in California? Prop 19 Could Change Everything | Andrew De Vries, MBA скачать в хорошем качестве

Inherited a Property in California? Prop 19 Could Change Everything | Andrew De Vries, MBA

If you’ve inherited a home in California—or you’re managing one through probate or trust—you could be facing a major and unexpected property-tax reassessment under Proposition 19. Since 2021, Prop 19 has reshaped how inherited homes are taxed. Unless the new owner moves in and meets strict timelines, the property may be reassessed to full market value, increasing the annual tax bill by tens of thousands of dollars. In this video, I explain exactly how Prop 19 affects families, fiduciaries, and trustees—and what you can do to stay compliant and protect the value of the estate. Topics covered in this video: • What Prop 19 is and how the law works in California • When inherited property is reassessed to market value • Why many families are forced to sell because of tax changes • How trustees and fiduciaries can protect themselves and their beneficiaries • What steps to take if you plan to keep the home Understanding Prop 19 is critical for preserving estate value, reducing risk, and making informed fiduciary decisions in the San Francisco Bay Area. Need expert guidance? Call (415) 585-5200 or visit ProbateAgent.com to schedule a confidential consultation. Timestamps 00:00 – Introduction 00:58 – What is Prop 19 and how does it work? 02:19 – The impact on families in the Bay Area 02:44 – Risks for fiduciaries, trustees, and executors 03:05 – Integrating Prop 19 into estate planning 04:12 – Legal and tax considerations to weigh 04:45 – Recommended process for dealing with Prop 19 05:33 – How the Probate Agent team can help Contact Call or Text: (415) 585-5200 Connect Facebook:   / probateagent   LinkedIn:   / andrewdevriesrealestate   Instagram:   / probate_agent   Website: https://www.probateagent.com Andrew De Vries, MBA Licensed California Real Estate Broker | CA DRE #01368031 Licensed Fiduciary | License #544 Founder, Probate Agent Real Estate Services® #Prop19 #Proposition19 #ProbateRealEstate #FiduciaryRealEstate #InheritedProperty #BayAreaRealEstate