Companies Mentioned
County Of Los Angeles
Category
Title
Summary
Date
Commentaries
Tax Law
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
03/10/2010
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