What Is Proposition 19? | Liberty Group скачать в хорошем качестве

What Is Proposition 19? | Liberty Group

Join Thomas Binetter, an associate attorney at the Law Offices of Hollander and Hollander, as he delves into the impact of California’s Proposition 19 on your estate plan. Discover why Prop 19 could affect your living trust and learn about a game-changing solution – the Life and Legacy Trust. California's Proposition 19 primarily deals with property tax reassessment and its impact on estate planning. It brings significant changes to property tax rules in the state of California, affecting both homeowners and their estate planning strategies. While there were numerous changes, the most troublesome for homeowners is that Proposition 19 significantly changed the rules regarding the transfer of a primary residence's property tax base upon inheritance. Now, under Proposition 19, inherited primary residences are subject to reassessment unless the heir uses the property as their primary residence and its fair market value is not more than $1 million above the property's assessed value. The tax implications could be enormous for your beneficiaries. Highlights include: 00:53 – Understanding Proposition 19 01:59 – How Prop 19 affects your estate plan & property taxes 02:44 – Preserving your property for future generations with a Life and Legacy Trust Learn more and help safeguard your assets and legacy with professional estate planning advice. Contact the Law Offices of Hollander and Hollander today. https://hollanderlawoffices.com/