Are Parent-Child Transfers under California Prop 19 Destroying the Ability to Create Generational Wealth?
On November 3, 2020, California voters narrowly voted to pass Proposition 19 (Prop 19) which affects how California homeowners are able to pass on property to family members. Effective on February 16, 2021, parents attempting to pass on their family home to children are now inadvertently restricting how their children can and will use the home.
Golden Gate University School of Law, "Are Parent-Child Transfers under California Prop 19 Destroying the Ability to Create Generational Wealth?" (2021). GGU Law Review Blog. 84.
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