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Subject:  Re: 401K/IRA in probate Date:  12/10/2018  6:38 PM
Author:  vkg Number:  128259 of 129299

Another detail.

The house is being reappraised from the date of death to the date of sale. In California, a sibling cannot retain the property tax bases. Within the next couple of weeks, the estate will receive a bill for the additional property taxes. I have vague memories that my lawyer probably said this would happen. If the estate refused or was unable to pay the additional tax bill, it could be a problem for the executor and new owner.

I did let my real estate agent and the title company know about the additional assessment. I am surprised that the title company didn't know this would happen.
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