Hello, I will be receiving a substantial inheritance plus a property that’s currently worth 350,000, I currently have a home in San Jose California that worth a million dollars and I am currently under prop 13 for taxes on that house. I am currently retired.
I would like to know how to avoid paying so much taxes on the property and how to go about putting this property and my current house in a trust?.
Not sure when I will receive the inheritance but should be coming up. I am trying to get all my ducks in order before everything happens.
Thank you.