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Updated 11 months ago,
California Proposition 19
Here’s my scenario:
Parents have passed away and left 2 sons their primary residence (which was in a family trust). Prop 19 requires one of the sons to make the home their primary residence within a year and file exemption so it is not reassessed from base value + 1M.
Question is how long does one of the sons need to make this home their primary residence? Can they move out and make it a second home after 6 months? 1 year?
Thanks!