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Title Changes and Reassessment of Real PropertyA People Form

Title Changes and Reassessment of Real PropertyA People Form

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Hi, my name is Kevin Snyder of Snyder Law and I'm an Estate Planning and Elder Law Planning Attorney in Irvine, California and I help families plan to protect what matters most to them, their loved ones their legacy and their dignity and on today's short video, I want to share with you a quick tip as a result of some things that we've been seeing recently, some other people in the community going through when it comes to reassessing a Prop. 13 base value and having a trust and moving a home into a trust and what can happen in certain circumstances and what you can do to be proactive to make sure that you don't fall into this trap that we have seen. I'll give you an example: A husband and wife creates a revocable living trust and they create a, they use a creative name because they want to be anonymous with their trust. They call it the ABC Trust and they transfer their home, the home that they live in into the ABC Trust. They file all the paperwo

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