New Inheritance Law in California
Hello! I am considering co-purchasing a home with my mother and want to know if the current inheritance property tax law that was voted in this year in California (saying if you inherit property, you inherit the property at current market values and pay property taxes based upon that value) would apply in this situation? IE, if my mother passes, would I be considered to "inherit" the property and therefore would I need to pay the higher property tax? Anyone out there have any idea?