In California, death of a real property owner usually creates a change of ownership that may result in reassessment of the property and an increased property tax. Consultation with our experienced property tax planning attorneys at White and Bright may enable California real estate owners to avoid the higher property taxes after death. Property tax planning may avert situations in which an individual who inherits California property cannot pay the higher property tax and thus may not be able to keep the property.
There are exceptions to the reassessment rule, but some require filing documentation or properly structuring the transfer. A parent-child exclusion is especially important, but the rules are complicated. Our knowledgeable attorneys can assist with structuring these and other property transfers after death to qualify for the exclusions whenever possible and minimize property tax increases after death.
We welcome you to contact us about our property tax planning services.