What if it's in a Living Trust?

We plan to post this information on our website

If the property is in your Living Trust, you are the owner, not your kids

It does not belong to your kids until you pass away

So the Change in Ownership happens AFTER you pass and AFTER the law changes on February 16, 2021

Will we get a copy of the powerpoint? Cannot write notes fast enough.

We will post the information soon and provide you a link

We will cover those questions

If parent-child transfer the primary residence just before Feb 16 and file with the county recorded just before the deadline but the county recorder's office is backlog and does not record the transfer (deed) until after Feb 16, 2021. Does it now fall under Prop 19 if child does not live in the parent's house?

doesn't matter how long it takes recorder to "put deed in their system". It's the signing/notarization date that the transfer is based on.

does that method, Irrevocable Trust, preserve step-up for new beneficiaries?

How can the child take ownership, get the step up and property tax base, claim it as their primary residence and sell it (at age 55 or over) and transfer this tax base to their new primary residence

your kids get the stepped up basis when they inherit (not you)

Does that LLC advice apply to a primary residence purchase?

If the child plans to use the residence as their primary residence after the parent dies, does that preserve prop 13?

is the 3.5 million per child or total?

why is the deadline 12-31

Thank you!

I definitely need to meet with you, or to have a zoom call.

thank you!

thank you all.

Thank you

email contact@hmmlegal.com

We will send an email to all of the attendees of the webinar.