Proposition 19 Client Alert

2020-12-23T00:30:11+00:00December 23rd, 2020|Tax Articles|

California voters recently approved Proposition 19, which may significantly increase property taxes when real property is transferred between a parent and child. This Client Alert explains the changes to current law and what to consider in deciding whether to take action before the new law takes effect on February 16, 2021.

Current Law Regarding Parent-Child Transfers

Under current law, a parent can transfer Continue Reading