Hi friends, was this video helpful? Please leave a comment below so we can make more practical videos about Prop 19 and how to avoid potential property tax increases!

@robertcookywall9662

5 ай бұрын

I am a trustee/beneficiary seeking to transfer property to me. I think this was helpful

@JosephLee2012

4 ай бұрын

Should the parent reside in the same home with the child so that the parent can transfer the primary resident home to the child in an event when the parent dies? How should the parent prove to be the primary resident for the home? Does the parents' address on the tax report form prove enough to prove as their primary resident? What happens if the home is above $1mm? How will this home reassessed at $1mm?

@JosephLee2012

4 ай бұрын

What is a LLC?

@robertcookywall9662

4 ай бұрын

Thank you for sharing your testimony. I am in this Prop 19 conundrum and have been told by a couple of attorneys that I will get the exclusion and by another that since I am not the only named beneficiary of the trust estate that this exclusion might be only be a percentage. The house is currently my principal residence. Thoughts??

There is proposition to remove a portion of prop 19 and reinact previous props that allowed inheritance without reassessments if parent to child or grandparent to grandchild.

@traceejohnson290

2 ай бұрын

What proposition is that to remove a portion of prop 19 please and was that voted on already?

@jeannehenslick9465

2 ай бұрын

It didnt get the signatures so.not on the ballot

Thanks for the information from a fellow sinner. We don't deserve his mercy but he gets it to us anyway when we strive to live by his ways. God bless you and yours.

Thank you for this video that we have an insight of Prop 19. God bless you and your family.

@treeoflifelawfirm

8 ай бұрын

You are welcome. Glad it was helpful!

What a beautiful way to be a witness for Christ. Thank you

@treeoflifelawfirm

6 ай бұрын

You are welcome. God bless.

Prop 19 is insane; people of California still has not learned giving more money to Gov would only create MORE problem!

@edward1967able

3 ай бұрын

Most California voters don’t think before voting.

@coreyburke3493

2 ай бұрын

You know most states don't protect the original buyer from increasing property tax let alone the buyers kids right? If your kid gets a free house and can't pay the new tax rate then they just got a bunch of cash for free.....that's not crazy...

Sending prayers your way for you and your family.

@treeoflifelawfirm

6 ай бұрын

God bless!

Great explanation for Prop 19. Thank you. Blessings to your family.

@treeoflifelawfirm

7 күн бұрын

Glad it was helpful!

Excellent information, thank you!

@treeoflifelawfirm

6 ай бұрын

You are welcome!

Proud of you for admitting that you were not kind to your wife. Pray for patience. A video about LLCs would be great!

@treeoflifelawfirm

2 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

Great info! Thanks

@treeoflifelawfirm

6 ай бұрын

Glad it was helpful!

Thank you

@treeoflifelawfirm

4 ай бұрын

You're welcome!

God Bless You and your family ....🙂

@treeoflifelawfirm

4 ай бұрын

Thank you. God bless you and your family too.

You can create a trust with primary,investment..

Hi Ed.. thanks for this, it really helps especially here in communist Kalifornia. I'm buying a second home in Nevada to get away from all this crazyness here in Kalifornia. I'm new subscriber. Thanks for the Bible verse. Love it!

@treeoflifelawfirm

3 ай бұрын

You are welcome. Glad it was helpful!

Prop 19 is causing rents to go up on small complexes! Creating homelessness!

God bless you kid, You have me for your student.

@treeoflifelawfirm

3 ай бұрын

Thank you and God bless!

The portion of prop 19 that is good will stay intact

Our house went up $300 from last year because the value went up too, they deliberate doing this to generate high taxes. Gladly we paid off our house two years ago but $1600 a year is hurting now.

@traceejohnson290

2 ай бұрын

$300 or $300K?

Amen 😇 🙏 Amen , 🙌 🙌 🙌 🙌

Thank you for this helpful video. Is there a way to transfer my primary to my kids before death and also avoid reassessment? My primary is also their primary. And we’re located in the sf Bay Area. Thank you 🙏🏻

@treeoflifelawfirm

4 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

My parents have my sister on their deed with the understanding that they were tenants in common but it turns out they were joint tenants. When they made a living trust for their portion of the property it triggered a supplemental tax. Does this make sense when they didn’t transfer the property and they reside at the property?

@treeoflifelawfirm

3 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

This is ridiculous lol. Most states don't even have prop 13 type protection. It should not get passed to your kids. You can't have a house pass down 4 generations and be paying taxes on $15k. If your kid isn't living in the house you left them they should sell it or pay the right taxes based on current value.

Thank you very much for the detail video. I have a question, bought my house in 1998 for 166k, now value at 900k (primary resident). Property tax is around 4k/year. We're planning to sell it and purchase another house for 1.1 million. Understand I'll pay the add-on property tax for the differences (200k). Say we passed away 20 years later, property value at 1.5 million, what will be the approx property tax my child has to pay? (i'm confuse about 1 mil limited). Thanks in advance.

@treeoflifelawfirm

2 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

What happens if the assessed value at time of death is 500k and over the length of time becomes assessed at 1 million? Does prop 19 still kick in at the time?>

@treeoflifelawfirm

8 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

Hello, what languages does your office speak? And are you able to service remotely (zoom, etc) as I’m in Southern California.

@treeoflifelawfirm

9 ай бұрын

Hi Toby. Yes we can help you. Please visit our website www.treeoflife.legal to book a free phone consultation.

Hi Yan ! you the home is paid off over a 1 million will the child still be re assessed for higher taxes???

@treeoflifelawfirm

6 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

#2 reads if the house assessed value is less than $1m. Question: is that the assessed value that the parent's assessed value that is on the assessor's book when the parent died or is it the current market? Example: I've owned a house since 1987. Paid $215k for it, over the next 30 years its assessed value increases 2%/year thus on the assessor's books, it will show $215k + .02 * 30 * 215k = $344k this is the assessed value while I am alive. So I die, the house is worth $1.2m thus if sold the assessed value would be $1.2m. Which assessed value is used for Prop 19 determination? $344k or $1.2m

@treeoflifelawfirm

6 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

PTL. Thank you

@treeoflifelawfirm

3 ай бұрын

You are welcome. God bless.

So what do I do now. Cinerio is I bought in 2yrs ago. Mortgage went down. But then drastically went up due to taxes use to be bout 800 now went up to 4k.ugh! What can I do in California. Please help because I am having trouble paying way more Mortgage than I had. Anything helps. I appreciate it. And thank you for the info

@treeoflifelawfirm

26 күн бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

@f430ferrari5

25 күн бұрын

To Zeusvaldez. I don’t believe your increase is from property taxes. Prop 13 doesn’t allow for such property tax increases. You need to compare your mortgage statement from when it was lower and compare to now. Check your interest rate. It is perhaps Adjustable and not Fixed. Interest rates have been increasing so that’s why your mortgage payment has gone up. You have to look into perhaps refinancing to a fixed rate. You’re stuck at the current amount though. When interest rates go down then you can perhaps refinance again. You can do so at no cost. The interest rate isn’t as good. Also, to help ease your current situation, see if a family member wants to move in and pay rent. Use that rent money to pay down your loan balance more. Good luck.

How can we keep the county from trespassing against our will, in order to send us a higher property tax bill? This home they ignored the signs and we expect that to happen again. We bought a home for 87K because that's our entire savings, we need out of this Mortgage we are behind on.

@treeoflifelawfirm

Ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

@Squirrellyk2k

Ай бұрын

@@treeoflifelawfirm Thank you! God Bless

Yea, I’ll just write a $5,000 check.

Thank you for the info, invaluable! God Love You... thank you for the closing witness to Our Lord, Jesus Christ. ... and BTW, we all get upset and lose control sometime... its ok... go back to her, apologize with love, and hug her... and talk about what brought you to that point... so that she understands also. HAVE AN AMAZING DAY ...

@treeoflifelawfirm

Күн бұрын

Glad it was helpful!

you need to increase your talking voice volume when you edit videos. It's softer than most other videos on YT

@treeoflifelawfirm

2 ай бұрын

Thanks for the feedback

This is going to put more people on the street. Smart move!

@SixTenVisuals

3 ай бұрын

Maybe, if they live in the property that they'll inherit. Most will just sell, which is what the big investment firms want to happen.

hopefully no more property tax or simliar to Hawaii low rate-0 05% . From observation , US is good place cut the govt want to stress you out, so no way I will retire in US.

Gods,in His Almighty power bless you, your career, your family and your dreams.

@treeoflifelawfirm

4 ай бұрын

Thank you. God bless you and your family too!

There needs to be a reasesment every 5 years and property taxes need to be ranked based on size and income. No more this stupid $50mill estates paying $5000 in property taxes. These oligarchs need to pay the fair share. AND YES IF YOU CANT PAY YOU NEED TO SELL OR DO SOMETHING ELSE - business, rent, loans - lots of stuff you can do.... Paying TAXES is not BAD...we ALL benefit from this common good.

@f430ferrari5

25 күн бұрын

No you are wrong. The only ones who benefit are the greedy politicians and government workers who get paid outrageous salaries and pensions. CA needs to lower taxes. You think Democrats are helping then please explain how the Black population has gone from the national average of 12% to now less than 5% in California. Compton and Watts has changed from Blacks to Latinos. Explain why the $1 million exemption was eliminated by Democrats. Why apply this to all. You won’t answer.

Hello, Friend. Please record your audio louder next time.

@treeoflifelawfirm

3 ай бұрын

Thank you for the feedback.

gov is so evil to do this

@Misaka-gt5yj

6 ай бұрын

The people of California are so stupid to vote for this prop

What a bunch of slimeballs the group of realtors did to con the public for prop 19. Karma is a bit&h though. Now there going to reduce the the selling commission of 6%.

@princesspeach5308

3 ай бұрын

That’s right 😂😂😂

God Bless You Brother... Give Your Wife a Foot Massage

So I bought my house in 1987, paid $215k. My tax bill then is $215k times 1% or $2,150. Prop 13 and 2% increase limit, end of 30 years my tax bill is say $3,300. Fine, I paid the 1% at the beginning and now 30 years later, I have the benefit of lower prop taxes of $3,300. I paid my dues and held on thick and thin. Now I die, my kids get the house that is worth $1.2m. Wow lucky them. And sure they are going to complain that their prop tax bill will be $1.2m times 1% but hey, they have a house that is worth 100 times that single year's property tax bill. It was through MY action of holding onto the house for 30 years that I got the lower prop tax, it had nothing to do with what my kids did. Prop 13 was NEVER intended to go from one generation to another, it was meant to protect the current home owner from prop tax hikes while they owned that property. One final item, for apartments and income property being valued using a 5% cap rate, invert the 5% and one gets 20. A one dollar change in Net Operating Income will lead to a $20 value increase in property. In all my years in CRE, not once have I heard a property owner say, well with the lower property taxes, I guess I should charge below market rent---NOT ONCE. And now to let a property owner pass along the benefit of Prop 13 to their kids is greed. The kids have a property that is worth a ton more than what the parents paid for it, the parents should get the benefits of Prop 13, NOT THE KIDS

@treeoflifelawfirm

6 ай бұрын

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

1M dollar can easily fetch you 10K a month in rental income. That's a lot of new income to still complain about paying taxes?

All the INFO you provided was valuable until you brought GOD the father into it. It's your platform however...I really just wanted to be informed re: CA 19. Thank you...While I believe YESHUA rules and MORE importantly the MOTHER MARY, I won't be back.

@treeoflifelawfirm

4 ай бұрын

Glad it was helpful.

Unsubscribed as soon as I saw religious content, how is that related to estate planning?

@Judgement24

4 ай бұрын

You need Jesus when you die because you can’t take ur property with you.