Legal Question in Real Estate Law in California
We have family property that was inherited by my cousins they want to add my brother and I to the ownership how can we do this without re assessing the property there will be no money exchanging.
Asked on 8/23/15, 11:23 pm
1 Answer from Attorneys
William Christian
Rodi Pollock
THere is no exemption applicable to such a transfer. The portion transferred will likely be reassessed. This is a change of ownership
Answered on 9/03/15, 3:06 pm