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California Renunciation and Disclaimer of Joint Tenant or Form

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California Renunciation and Disclaimer of Joint Tenant or Form

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[Music] foreign [Music] okay all right uh so this is a bonus I don't know if you guys get this do you guys get this question a lot from your clients like how should I hold yeah yeah can you verify this one because many Asians you can feel between Toronto okay I'm I'm gonna take just take a poll this all right how many of you guys think it's it's joint tenants is the proper one no no individual husband and wife community property you think is correct okay yeah you're you're actually right okay because uh you know you you can take you can choose to take title um but as you probably can have guessed that if you take under community property uh you can take advantage of those call it double step up the tax basis to minimize capital gains basically they save money on taxes now I do know there's a you know there's a um capital gains exemption limit up to half a million dollars so kind of put that aside for now um especia

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