How Can I Leave My House to My Child Under Proposition 19?

Ellen Cookman - Special Needs Trust Attorney

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Proposition 19 is crucial to know about if you're a parent who is also a homeowner. Prop 19 was passed in 2021 and can have a tremendous impact when it comes to leaving a house to your child. Watch this video to see how Prop 19 affects you and your family, and what its advantages and disadvantages are.
Timestamp:
00:00 Welcome
00:30 Intro
1:05 How proposition 19 affected people
6:54 Additional questions about Estate Planning
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Опубликовано:

27 июл 2024

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Комментарии : 24

@user-os4br4ux5j 8 месяцев назад

Reinstate prop 58! We must FIX Prop 19. Please sign the petition to get this on the 2024 ballot!

@annm.7176 3 месяца назад

As next deputy share if I can tell you don't put things into your kid's names because they will move you out in the middle of the night. We got so many calls on kids money to get rid of their parents and the house was in the kids name and we couldn't do anything about it.

@rhensontollhouse 2 месяца назад

The parents fault for not having a better relationship with the child. Also, the parent should have set up the transfer differently.

@willieverusethis 11 дней назад

It's great that the kids will have to sell the home rather than turn it into another rental. More homeownership=better neighborhoods, a bigger middle class building wealth through equity. We don't need more landlords and renters. We need more home owners!

@lilshaz8378 3 месяца назад

What about a Transfer on Death?

@shelleycharlesworth5177 9 месяцев назад

My mortgage free house is in my trust. No children. If I leave it to a friend, what about the property taxes? Is there any way to AVOID my home being fully re-assessed ? The taxes would be too much for my friend to handle.