I
Inherited_Property
Guest
- Jurisdiction
- California
There was a revocable living trust. If 3 people inherited a single family residence. 2 are children and 1 is a grandchild of the deceased.
Property Title Questions:
Does the trust take title or would title be put in the name of the beneficiaries ?
In the trust it says nothing will be distributed until the lifetime occupant stops living in the house. Not sure if taking title and distribution are different or the same thing.
Property Tax Questions:
If the trust takes title, does the property get reassessed ?
Property Title Questions:
Does the trust take title or would title be put in the name of the beneficiaries ?
In the trust it says nothing will be distributed until the lifetime occupant stops living in the house. Not sure if taking title and distribution are different or the same thing.
Property Tax Questions:
If the trust takes title, does the property get reassessed ?