Navigating Proposition 19: A Guide to Protecting Your Probate Property in California

Hello. Thank you for visiting our blog where we strive to educate administrators and executors of probate and trusts. We specialize in the Northern California areas of Sacramento and Bay Area.

My name is Jeremy Higgins and I want to extend my deepest condolences. Losing a loved one is an incredibly challenging journey, and the last thing you need is more confusion about what happens next. I'm a Certified Probate and Trust real estate expert, and I'm here to walk you through a recent change that might be on your mind – Proposition 19.

What is Proposition 19, and Why Does It Matter?

In the midst of grieving, the world doesn't stop throwing challenges at us. Proposition 19 is one of those changes, and it impacts how we handle probate properties in California.

1. Inherited Properties and New Tax Considerations

Traditionally, inheriting a property meant one less worry – no sudden reassessment. However, Proposition 19 introduces changes, especially for non-primary residences. It's a bit overwhelming, especially when your focus should be on remembering and honoring your loved one.

2. Keeping the Family Home: New Complexities

If you're contemplating passing on the family home to the next generation, Proposition 19 adds a layer of complexity. While the primary residence can still be transferred to specific heirs who make the home their primary residence, without triggering reassessment, other property types, like second homes, might face new challenges.

3. Timelines: A Crucial Factor

In this sea of changes, knowing the when and how is crucial. Here's a brief breakdown:

Filing Deadline:

To take advantage of the benefits or exemptions Proposition 19 offers, make sure to file the necessary documents within 12 months of the property owner's passing.

Document Filing Process:

Reach out to a probate real estate expert or legal tax professional as soon as possible. They can guide you through the process of filing the required forms with the county assessor's office. This step is vital for ensuring that the property tax assessment reflects the new situation appropriately. Making a mistake at this stage could cost your dearly.

4. Why Guidance is Essential

This is where my team and I come in. As a probate real estate expert, my role goes beyond transactions. I'm here to guide you through these changes, offering support and clarity during a time that can feel overwhelming. I understand the importance of approaching this with sensitivity, acknowledging that you might be in the midst of the grieving process.

5. Connecting You with Professionals

If you feel that you need more personalized advice or assistance, I can also connect you with qualified professionals in probate law and tax matters. Having the right team by your side can make the process smoother, and I'm here to ensure you have the support you need.

Making Sense of the Changes

Selling a probate property is already a journey, and Proposition 19 just added a few more twists and turns. My team and I are here to be your compass through this process, ensuring you have the information and support you need during this challenging time.

If you're feeling lost or simply want to understand how Proposition 19 affects your unique situation, please reach out. I'm not just an expert; I'm here to assist you through the probate process of selling your loved one's home.

In the midst of uncertainty, I'm here to provide clarity and support. Let's navigate this together. 🌷🏡

Jeremy Higgins has been serving probate and trust administrators and executors for 18 years. 80% of his business in 2023 involved in Probate and Trusts sales. He is a licensed Realtor with eXp Realty and has been certified through the California Association of Realtors as a Probate and Trust Specialist. He and his team serve the following areas:

Sacramento County: Sacramento, Elk Grove, Citrus Heights, Folsom, Rancho Cordova, Galt, Isleton

Yolo County: Davis, West Sacramento, Woodland, Winters

Solano County: Fairfield, Vallejo, Vacaville, Dixon, Suisun City, Benicia

Placer County: Auburn, Roseville, Rocklin, Lincoln

El Dorado County: Placerville, South Lake Tahoe, El Dorado Hills

Sutter County: Yuba City

Yuba County: Marysville, Wheatland

Sonoma County: Santa Rosa, Petaluma, Rohnert Park, Sebastopol, Windsor, Healdsburg

Napa County: Napa, American Canyon, Calistoga, St. Helena, Yountville

San Mateo County: Redwood City, San Mateo, Daly City, South San Francisco, Menlo Park, Palo Alto

San Joaquin County: Stockton, Lodi, Manteca, Tracy