California Proposition 19

Free California Proposition 19 CLE – Parent-to-Child Property Tax Transfers

Earn 1.25 California CLE Credits with Our Free Online Proposition 19 Continuing Legal Education Course

California Proposition 19 significantly changed the rules governing inherited real estate, parent-to-child property transfers, and property tax reassessment exclusions. For California estate planning attorneys, probate attorneys, trust administrators, and fiduciaries, understanding these changes is essential to helping clients preserve valuable property tax benefits when transferring inherited family homes.

CLOANC is proud to offer a FREE, California State Bar-approved online Continuing Legal Education (CLE) course dedicated to Proposition 19 parent-to-child property tax transfers, inheritance planning, and strategies for avoiding unnecessary property tax reassessment.

This comprehensive 75-minute educational presentation features two distinguished professionals:

• Phong La, Alameda County Assessor, providing insight into California property tax assessment rules, Proposition 19 eligibility, and common mistakes when applying for parent-to-child reassessment exclusions.
• Brad Marsh, Shareholder at Greenberg Traurig, providing a legal perspective on Proposition 19, inherited real estate, trust administration, and property tax planning considerations.

Participants can earn 1.25 California Continuing Legal Education credits while gaining valuable knowledge to better advise clients inheriting residential property in California.

Understanding Proposition 19 and the Parent-to-Child Transfer Exclusion

Effective February 16, 2021, California Proposition 19 replaced many of the former parent-to-child property tax transfer benefits available under Proposition 58.

Under Proposition 19, qualifying children who inherit a parent’s principal residence may retain some or all of the parent’s existing Proposition 13 assessed property value, provided specific eligibility, residency, filing, and property value requirements are satisfied.

However, improperly structured property transfers, sibling buyouts, and trust distributions can jeopardize these valuable benefits and potentially result in substantial increases in annual property taxes.

Our free Proposition 19 CLE helps legal professionals better understand the requirements, limitations, and practical considerations involved in California parent-to-child property transfers.

Trust Loans, Estate Loans, and Equalizing Inheritance Distributions

One particularly important consideration arises when multiple beneficiaries inherit a family home but only one beneficiary wishes to retain the property.

In these situations, a properly structured third-party loan made directly to an irrevocable trust or probate estate may provide the liquidity needed to distribute inheritance proceeds to other beneficiaries while facilitating a qualifying parent-to-child property transfer.

Understanding the distinction between a trust or estate distribution and a subsequent sibling-to-sibling purchase is critical when evaluating potential property tax reassessment consequences.

CLOANC specializes in financing California irrevocable trusts and probate estates, working alongside attorneys, trustees, and fiduciaries to help families access inherited property equity and evaluate available Proposition 19 financing solutions.

Who Should Attend This Free Proposition 19 CLE?

This continuing legal education program is particularly valuable for California estate planning attorneys, probate and trust litigation attorneys, real estate attorneys, tax professionals, professional fiduciaries, and other advisors involved in inherited property transfers.

Whether you regularly advise trustees and beneficiaries or simply want to strengthen your understanding of California Proposition 19, this educational program offers practical information on the rules governing inherited family residences and property tax reassessment.

For additional information or registration assistance, call (877) 464-1066.

CLOANC – California Trust and Estate Lending Specialists.

Course credit eligibility and availability are subject to the applicable State Bar approval and provider requirements. Proposition 19 eligibility depends on individual circumstances and applicable law.

Register for Your Free California Proposition 19 CLE Today

Stay informed about California’s parent-to-child property tax transfer requirements and help your clients make better decisions when inheriting real estate.

There is no course fee, and eligible California attorneys can earn 1.25 CLE credits.