Business Essentials: Proposition 19: how does this new law impact you and what can you do?
Guest Speaker: Angel Yang Riley, Esq.
Angel is a senior associate at Chauvel & Glatt, LLP with a focus primarily on estate planning, trust and probate administration. Coming from a family of real estate investors, Angel has always been interested in helping clients protect their wealth and hard-earned money. Over the years, Angel has assisted countless individuals, families and business owners to prepare their estate plan, and has appeared in courts throughout the Bay Area representing clients in complex trust administrations and probates. Recently, Angel expanded her practice to include conservatorships.
Outside the practice of law, Angel has served as an Adjunct Business Law Professor for the San Mateo County Community College District. She is a member of the San Mateo County Bar Association, Peninsula Estate Planning Council and a board member of the San Mateo Chamber of Commerce and Rotary Club of San Mateo. Angel enjoys cooking, working out, exploring new foods, good whiskey, and traveling.
Check out Angel’s profile at https://www.chauvellaw.com/our-attorneys/angel-riley/
Proposition 19 passed and will go into effect on February 16, 2021. This newly enacted law creates major changes in California’s property tax laws surrounding parent-child transfers. Specifically, Proposition 19 has (1) eliminated the lifetime $1 million non-primary residence exclusion; and (2) eliminated the primary residence exclusion unless the child resides in the primary residence received from a parent. Even if the child lives in the inherited residence, the child’s assessed property tax value will then be determined based on whether the property’s value at the time of transfer is greater than the parent’s assessed value by more than $1 million. Please Join us for this webinar and learn more about the impacts of Proposition 19 and how to navigate this new law.
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The Zoom meeting information will be sent via your registration confirmation.
Angel is a senior associate at Chauvel & Glatt, LLP with a focus primarily on estate planning, trust and probate administration. Coming from a family of real estate investors, Angel has always been interested in helping clients protect their wealth and hard-earned money. Over the years, Angel has assisted countless individuals, families and business owners to prepare their estate plan, and has appeared in courts throughout the Bay Area representing clients in complex trust administrations and probates. Recently, Angel expanded her practice to include conservatorships.
Outside the practice of law, Angel has served as an Adjunct Business Law Professor for the San Mateo County Community College District. She is a member of the San Mateo County Bar Association, Peninsula Estate Planning Council and a board member of the San Mateo Chamber of Commerce and Rotary Club of San Mateo. Angel enjoys cooking, working out, exploring new foods, good whiskey, and traveling.
Check out Angel’s profile at https://www.chauvellaw.com/our-attorneys/angel-riley/
Proposition 19 passed and will go into effect on February 16, 2021. This newly enacted law creates major changes in California’s property tax laws surrounding parent-child transfers. Specifically, Proposition 19 has (1) eliminated the lifetime $1 million non-primary residence exclusion; and (2) eliminated the primary residence exclusion unless the child resides in the primary residence received from a parent. Even if the child lives in the inherited residence, the child’s assessed property tax value will then be determined based on whether the property’s value at the time of transfer is greater than the parent’s assessed value by more than $1 million. Please Join us for this webinar and learn more about the impacts of Proposition 19 and how to navigate this new law.
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The Zoom meeting information will be sent via your registration confirmation.
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Date and Time
Tuesday Jan 5, 2021
10:00 AM - 10:30 AM PST
Location
Zoom Meeting
Fees/Admission
Free
