Beat Prop. 13: Using An Entity To Transfer Real Estate To Heirs.

Date: Thursday, March 14, 2024
Time: 7:00am - 9:00am
Location: The Depot and via Zoom
Speaker: Bruce Givner

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Prop. 19 eliminated the partial parent-child exclusion for transfers of non-principal residence real property and severely restricted the unlimited parent-child exclusion for a personal residence.  There is some hope an action spear-headed by the Howard Jarvis Taxpayers’ Association will repeal Prop. 19.

In the meantime, we can use Rev. & Tax. Code Section 64, specifically subsections (c) and (d), to transfer both types of property to the next generation at little or no reassessment cost.  We do this in the context of estate tax planning.  It takes several years to accomplish, and it is complicated, but it works.

Mr. Givner has been practicing tax law for over four decades concentrating on income tax planning, estate tax planning, sophisticated retirement plans, asset protection planning, charitable planning, capital gain planning, tax litigation, and the representation of high net worth and high-income families, as well as individuals and their closely held corporations.

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