Inheritance, Trusts & Probate

Proposition 19 and Inherited Property for Co-Owning Siblings

When siblings inherit a parent’s California home, one sibling’s qualifying occupancy can preserve the Proposition 19 exclusion for all inherited shares, subject to the value cap and filing requirements. A later sibling buyout generally triggers reassessment of the share transferred.

Putting a Co-Owned House Into Trust

Putting a Co-Owned House Into Trust

You can put your share of a co-owned house into a trust, but doing so usually severs a joint tenancy. That often signals the co-owners’ shared plan has broken down.