Q: If I transfer my house into a living trust, will my property taxes get reassessed?

On Behalf of | Jul 28, 2021 | Estate Planning |

A: Not at all! California law unequivocally states that if a couple or single person transfers their residence (or any real property for that matter) into a revocable trust that they created, the property taxes will not be reassessed. In fact, the only document that will need to be submitted to the County Assessor is the “Preliminary Change of Ownership Report” and, don’t worry, we always prepare and submit this document for all of our clients.

If you have any questions about this, please feel free to reach out to us (707-681-5851 or [email protected]) or set up a complimentary consultation at your convenience by clicking on the following link: https://MyNapaLawyer.as.me/