The passage of California Proposition 19 means substantial changes to the manner in which real property is reassessed in California. These changes will bring greater flexibility to certain property owners who are over 55, but will mean greater restrictions on certain intra-family transfers.

When the creator of the living trust dies then the children will have the option of selling the house without having to go through the probate process. However if there is not a trust then the house will go into probate. What happens next?

If buying a multigenerational home has crossed your mind, you aren’t alone. Depending on what stage of homeownership you’re in, there are different reasons it could be the right fit.