Overview

California voters passed Proposition 19 by a slim margin in last month’s election. Currently there are two exclusions from reassessment between parents and children, but those will be eliminated in just two short months. Effective February 16, 2021, transfers of California real property between parents and children could have the property tax reassessed leading to an increase.

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TOPICS

  • Current property tax transfer rules and expected changes for 2021
  • Estate planning opportunities related to changes from Prop 19

PANELISTS

Bradley R. Marsh, Co-Managing Shareholder, Co-Chair, US State and Local Tax Practice at Greenberg Traurig, LLP 
Jennifer Scharre, Senior Associate Attorney at Temmerman, Cilley & Kohlmann, LLP
Jared Weinman, Wealth Strategist, BNY Mellon Wealth Management

MODERATOR

Juliet Song, Partner, Real Estate Services Leader, California, Marcum LLP