Prop 19 – Property Tax Changes

Prop 19 – Property Tax Changes

On November 3, 2020, California Residents passed Proposition 19 (2020) The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act (“Prop 19”). Prop 19 drastically changes California’s property tax laws. Prop 19 makes amendments to the state’s Constitution that are important for property owners in California: Prop 19 eliminates … Continue reading Prop 19 – Property Tax Changes

Extended Time to Make Estate Tax Portability Election

Extended Time to Make Estate Tax Portability Election

We have encountered a few situations where clients believe to have missed their opportunity to take advantage of the surviving spouse’s “portability” election to transfer a deceased spouse’s unused estate tax exclusion to the surviving spouse. The IRS is simplifying the process to remedy the situation. Note that this development can be especially advantageous to … Continue reading Extended Time to Make Estate Tax Portability Election

San Francisco Court Update: Source Indicates All Commissioners and 100 Clerks to be Laid Off

San Francisco Court Update: Source Indicates All Commissioners and 100 Clerks to be Laid Off

Massive layoffs face the San Francisco Superior Court and it appears Clerks and Commissioners will be hit very hard.  I first related Ari Burack’s article on the Dire situation forecast for San Francisco Superior Court here.  I then passed on the Court’s press release on this matter here. In what is becoming an unexpected series on this … Continue reading San Francisco Court Update: Source Indicates All Commissioners and 100 Clerks to be Laid Off