Prop 19 Loopholes! How to Keep Low Prop 13 Taxes

Proposition 19 has significantly impacted estate planning in California. This video will break down the key changes brought by CA Prop 19 (Prop 13 Tax caps) and explain how it might affect your existing estate plan! 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ for help with CA Prop 19, property tax planning, and estate planning!

Facing a property tax reassessment can be devastating, leading to a dramatic increase in taxes. Many families overlook the complexities of Prop 19, only to be blindsided by unexpected tax hikes. In some cases, property taxes can skyrocket from $600 per year to $6,000 per year! Learn how to protect your family's financial future by avoiding common mistakes that can lead to a dramatic increase in taxes. This discussion focuses on the critical importance of filing the appropriate paperwork to secure exemptions, fully understanding the law, and understanding your options. Equip yourself with the necessary knowledge and strategies to help safeguard your assets and maintain your Prop 13 tax benefits since passage of Prop 19.

Contents of this video
0:00 Intro to Prop 19: Loopholes
4:46 What is reassessment?
6:34 Brief recap of property taxes in California
33:10 Prop 19 Loopholes: Co-tenancy exclusion
42:43 Using LLC's

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Видео Prop 19 Loopholes! How to Keep Low Prop 13 Taxes канала CunninghamLegal