Companies Mentioned

County Of Los Angeles

Category
Title
Summary
Date
Commentaries
Tax Law

Steinhart v. Co. of Los Angeles: Transfer of Life Estate is a “Change in Ownership” of Real Property
The Supreme Court of California ruled that transfer of property to a revocable trust of which the transferor is sole beneficiary does not constitute a “change in ownership” triggering property reassessment under California law because the owner is still essentially the same person. However, if that trust subsequently becomes irrevocable…
Posted:
03/10/2010