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New Transfer on Death Deed in CaliforniaA People's Choice Form

New Transfer on Death Deed in CaliforniaA People's Choice Form

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a lot of people don't know this but California now has a new death tax on property and it hits people who have just lost a parent and let me explain why this is so important it used to be for decades that when parents transferred property to their children A Home of any value and up to a million dollars of other property assessed value taxable value of other property could be passed from parents to children with no change to the tax tax bill so you would inherit property you would also get the same tax bill that your parents were paying well now that's gone it's gone so when property is passed from parents to children it is reassessed to current market value so your property tax bill could go from2 or $3,000 a year to 15 or $220,000 a year and that's every year you're paying a tax increase of tens of thousands of dollars every year as a condition of keeping what you already own the property you already own and it's crushing people people

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