Thanks in advance for any help!Off hand, does anyone has knowledge about the following situation?I have been living with my dad and taking care of him for the past two years. I handle all of his finances, manage his two four-plex rental apartments, cook, clean, take him to appointments (he no longer drives) and generally care for him. He is 89 years-old and is fairly good health but slowing down and dealing with "old age issues".It is my dad's desire that I inherit the home upon his death. Because he has been in California so long his home is under the Prop. 13 law. That has limited the property tax to roughly 1% of the assessed value. Without that the property tax would be much higher and it will be assessed at current value when sold. The new owners will pay a higher tax.Now, my question is this. If I inherit the home (it is currently in a revocable trust) can I keep the prop. 13 tax rate since I am his daughter? If not, if I get put on the title can I keep the current rate even when my dad passes away? Of course, the negative may be that when I sell the home (I have no plan to and will remain in it) I will have to pay a higher capital gains tax instead of the stepped up basis.What say you?Robyn
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