Proposition 19 passes, giving California property tax breaks a makeover. The measure gives exemptions to older homeowners, the disabled and wildfire victims and strips breaks from people who inherit homes but don't live in them.

Does Prop 19 affect trusts?

Trusts can be revocable, or irrevocable. A revocable trust will do nothing to prevent reassessment under Proposition 19. However, there are numerous kinds of irrevocable trusts, and one of them may do the trick to prevent reassessment.

Who passed Prop 19?

Proposition 19, which was passed by the California voters on November 3, 2020, became effective on December 16, 2020, the 5th day after the Secretary of State certified the election.