Description Propositions 60/90 amended section 2 of Article XIIIA of the California Constitution to allow a person who is over age 55 to sell his or her principal place of residence and transfer its base year value to a replacement dwelling of equal or lesser value that is purchased or newly constructed within two years […]

Seniors in California who want to downsize from their three- or four-bedroom home, now that their children are gone, find themselves facing a costly and daunting dilemma. If they sell, they would lose the property tax protections they’ve enjoyed under Proposition 13. Instead of paying what experts are calling a steep “moving penalty” in the form of […]

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Are you aware that if you do not have a Will and/or Living Trust and you pass away, your property will need to be probated.   In June 2016, a new type of deed took effect in California: The Revocable Transfer on Death Deed (TODD) also called a beneficiary deed.    This is an alternative to a Will and/or […]