ADU

ADUs – One Way to Address Prop. 19’s Inheritance Tax Basis Increase By Mercedes Shaffer

The recent passage of Prop 19 eliminates the parent-child and grandparent-grandchild exclusion from reassessment for properties other than a “family home.” As of February 16, 2021, if you transfer your property to your children (or, grandchildren, if the parents are deceased), via any means (gifts, sale, hybrid, estate plan after your passing, etc.) that property…

What You Need to Know When Listing an ADU By Mercedes Shaffer

To combat the statewide housing crisis, government officials in Sacramento have passed legislation to encourage property owners to add accessory dwelling units (ADUs) – small, secondary homes – to residential zoned single-family homes and multi-family buildings.  The idea is that adding ADU’s will create more affordable housing in California.   An ADU can be a stand-alone…