Inherited Property: Property Tax Reassessment Questions ?

[Steve Ford]

Here is the scenario: I have inherited real property in California. I am the grandchild of the deceased along with 2 children of the deceased. One of the children of the deceased is my father. The trust calls for distribution free of trust in equal shares to the beneficiaries. I understand that I will not be excluded from property tax reassessment as I am the grandchild. There is an exclusion for reassessment for the children only. Question: Can I disclaim my inheritance in the property and have my share go to my dad who can then gifts me back my share ? Then can I potentially qualify for an exclusion under the parent to child transfer exclusion from reassessment ? Thanks!