Wills, Estates & Trusts
May 5, 2025
Estate planning in post-Proposition 19 California
See more on Estate planning in post-Proposition 19 CaliforniaProposition 19, effective February 2021, limits property tax exemptions on inherited homes to primary residences up to $1M in assessed value, eliminates exclusions for vacation and rental properties and imposes strict filing deadlines, reshaping estate planning strategies for California families.
Proposition 19 was approved by California Voters in November 2020 and became effective beginning Feb. 16, 2021. This marked a seismic shift for intergenerational wealth transfer in California. Prior to Proposition 19, a parent could transfer to a child a primary residence of any value, plus the transfer of up to $1 million in assessed value on any other types of real property owned, without reassessment . At death, there are three types of taxes that a planner must discuss and bal...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In