Proposition 19
FBFK Law Partners Barry Resnick and Blaine J. Burch were featured in the Daily Journal for their insights on Proposition 19 and its impact on property tax planning for California families. The article highlights how the law significantly limits the parent-to-child exclusion, reshaping long-standing estate planning strategies and increasing the tax burden on inherited property in many cases.
The piece underscores the importance of proactive planning as families navigate new rules that can trigger reassessment and higher property taxes upon transfer. It also outlines key exceptions, planning opportunities, and the need for careful structuring to preserve wealth across generations in an evolving regulatory landscape.
To read the full article in the Daily Journal, click here (subscription required).