Have you inherited a home?
If you inherited a home in California, we may be able to help you save thousands of dollars in property taxes. We help clients take advantage of the California Proposition 19 Parent to Child Transfer Benefit. This benefit can save you thousands of dollars in property taxes by avoiding reassessment on an inherited home.
Who we help.
We help clients who are in the process of, or recently inherited a home and want to keep a parents low property tax base. California Revenue and Taxation Code 63.1 regulates Proposition 19. It requires that trusts and estates with multiple child beneficiaries make an equal distribution of assets to qualify for a full exclusion, unless specific language in a trust permits for one child to inherit the primary residence. In most situations a trust or estate does not have the cash assets required to make an equal distribution. That is where we come in. We are California’s #1 Trust & Estate Lender and we provide our clients with the cash needed to equalize the distribution of a trust or estate. In fact, we are one of the only lenders in California that lends to irrevocable trusts.
How much can I save?
Each situation is different, but on average the clients we assist save over $6,500 a year in property taxes. We also help the trust or estate avoid costly realtor fees. On average this allows for $49,000 in additional cash distributions to the beneficiaries involved. We can provide you with a free benefit analysis that will let you know exactly how much you can expect to save! Call us at 877-464-1066 or complete this short web form for your free benefit analysis.