Prop 19 had some serious downsides, but offers a huge potential upside for savvy homeowners nearing retirement. Beginning April 1, anyone over 55—along with a few other special cases—can sell their residence anywhere in California and take their low Prop 13 tax rates elsewhere in the state! For example, you could sell your expensive urban home and retire to the California countryside—while paying perhaps a fifth of the property taxes paid by your new neighbors! Learn how to maximize the benefits, and prepare well in advance to leverage Prop 19 – because the benefits are NOT automatic.
California Estate Planning Attorney Jim Cunningham, founder of CunninghamLegal, speaks on the good stuff for homeowners in prop 19, and how you can take advantage!