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Estate Planning Presentation Alerts CA Homeowners About The End Of The Parent-To-Child Property Tax Reassessment Exclusion
January 16, 2021 GMT
February 16, 2021, as a result of Proposition 19, the parent-to-child property tax reassessment exclusions are mostly eliminated. Boston Private Banking will co-host a live online presentation featuring Estate Planning Expert Jeff Condon, to discuss alternative strategies before the new law comes into effect.
Starting on February 16, 2021, as a result of the passage of Proposition 19, there will no longer be unlimited property tax reassessment exclusions when parents transfer their homes and income-producing properties to their children, whether during the parents’ lives or after their deaths. If you plan on leaving your home or income-producing properties to your children after your death, those after-death transfers will most ....

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