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Prop 19 California: What is it?

Unlock the mystery of CA Prop 19! Get California Prop 19 explained by an expert attorney. See the real impact on you and heirs! 👉 Book a Call at https://www.cunninghamlegal.com/book-... for estate planning, california prop 19 explained, and prop 19 inheritance. Join us for an eye-opening webinar: Prop 19 California… What is it? Passed in 2020 to little attention, Prop 19 significantly altered California’s Prop 13 tax caps with wide-ranging implications. With few exceptions, Prop 19 effectively eliminated the ability of a parent to leave a low property tax assessment to a child. At the same time, it created remarkable opportunities to transfer a low tax base to a new property for people over 55. In this webinar, attorney and author Jim Cunningham tackles Prop 19’s challenges head on. What strategies should you pursue to hold on to your Prop 13 caps? What should YOU know about property taxes in California? 👉 Book a Call at https://www.cunninghamlegal.com/book-... to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer. SUBSCRIBE to California Estate Planning YouTube Channel https://www.youtube.com/c/CunninghamL... 00:00 Prop 19 California Introduction 05:25 Change in Ownership 09:30 Understanding Proposition 19 20:51 Using Prop 19 to Downsize 22:25 Using Prop 19 to Upgrade 24:26 Parent to Child Reassessment Exclusion ELIMINATED 26:01 Family Farm Reassessment Exclusion 30:33 Co-Tenancy Exclusion 37:55 LLC Strategy 45:28 Attributes of a Prop 13 Trust 47:00 Contact Us! CONTACT us at https://www.cunninghamlegal.com/calif... to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California. WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys! PHONE: 1-866-988-3956 for a consultation on a California Living Trust! #cunninghamlegal #estateplanning #estatetaxes