Episode: Understanding California’s Prop 19

California Prop 13, passed in 1978, allows homeowners to transfer their property tax base within select CA counties under certain restrictions. Recently passed California Prop 19 makes some significant changes which will have a large impact on many property owners in CA, particularly those aged 55+, and investment property owners.

Scott Fuller, Founder of LeavingTheBayArea.com and LeavingSoCal.com speaks with Jennifer Jaynes, Ryan Lockhart, and Chris Pasqua about the recent passing of Prop 19 in CA, who it impacts and how it works.

Topics covered include:

1. Understanding Prop 19 and When It Takes Effect
2. Who Qualifies and When It Can Be Used
3. How Real Property Inheritance/Gift Tax Will Change Under Prop 19
4. How To Plan Ahead If This Will Affect You

Podcast Hosts:

Scott Fuller
Founder @LeavingTheBayArea.com / LeavingSoCal.com
Scott Fuller has 25 years consulting and sales experience in real estate, professional services and technology with companies such as IBM Global Services and PeopleSoft. Real estate broker and founder of LeavingTheBayArea.com and LeavingSoCal.com, Scott has been featured as a relocation expert on Fox Business, Washington Post, MarketWatch, KRON4 Bay Area, NBC Bay Area, KABC Los Angeles, NBC4 Los Angeles, SF Gate, San Francisco Business Times, Silicon Valley Business Journal, KGO San Francisco, Bloomberg News, The Washington Post, KCBS San Francisco, Reason Magazine and Zero Hedge.

Guest Interview:

Jennifer Jaynes
Estate Planning, Trust and Probate Law @The Law Office of Jennifer Jaynes
Jennifer Jaynes is a certified specialist in estate planning, trust & probate law by the California State Bar. In addition to a law degree, she holds a legal master’s degree in taxation. She has been included on the list of Rising Stars by Northern California Super Lawyers since 2016. LLM in Taxation and Certified Specialist in Estate Planning, Trust and Probate Law by the State Bar of California Legal Specialization

Ryan Lockhart
Attorney Certified Specialist, Taxation Law, The State Bar of California @McKenna / Brink
Ryan’s primary area of practice is helping families and individuals navigate tax issues, specifically areas of estate tax, corporate tax and property tax. Through careful planning and thorough care of the dynamics involved, Ryan has successfully helped his clients navigate complex tax issues to achieve their desired results. Ryan is also an expert in helping families transition wealth and family businesses to younger generations in order to preserve the family wealth legacy, but also, keep family harmony intact to achieve family success.

Chris Di Pasqua
CPA, Partner @Boerio, Clark & Associates CPAs, LLP
Chris is a CPA and has over 20 years experience in providing tax, accounting and management consulting services to high net worth individuals and private businesses. Chris works closely with families to help them achieve their financial goals. Chris completely understands what keeps business owners up at night from growing up with his entrepreneurial father, who taught him what it takes to run a successful small business. Chris has practical business experience from working many years as a corporate controller for a multinational company. Chris is a lifetime Bay Area resident and has been married for over 20 years. Chris and his wife have two children.

Podcast Transcription

Podcast Host:

Scott Fuller

Founder - Leaving The Bay Area / Leaving SoCal

Podcast Guest:

We'd Love To Chat!

We love hearing from our listeners so drop us a line! Also let us know if you are interested being a guest on the Podcast.

Download Free eBook