Did you miss the February 16, 2021 deadline to transfer a property to your children before Proposition 19 went into effect? Don’t fret! There are various Prop 19 strategies. One of the strategies is with a Family Property LLC, which still may help your children avoid reassessment of property (under Prop 19) when you pass away.
Because there was a small window to make the necessary changes/transfers of property to avoid reassessment prior to the deadline of February 16, 2021, more than likely there were errors that occurred. Creating a Family Property LLC can fix any errors that we made. Contact Celaya Law today to learn how a Family Property LLC can help you and your family avoid reassessment of property once you pass away.