In 1987, your mother purchased her home for $85,000. It’s now 2018 and the home is worth over $500,000. Better yet, it’s about to become yours. The caveat: the transfer of this property will immediately trigger reassessment of the property tax, which means you could end up paying a great deal more than what your […]

Tags: Estate Planning, exemption, inheritence, prop 13, prop 193, prop 58, property, property tax, proposition 13, proposition 193, propostition 58, reassessment, tax, transfer
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