Who is considered “a child” under Proposition 58? Who qualifies as a child for real property transfers between parents and children according to the requirements in Proposition 58? To qualify as a child and take advantage of this constitutional initiative which provide property tax relief for real property transfers between parents and children some requirements exist. Remember, this initiative makes it easier to keep property in the family by helping to keep excluded from reassessment.

$1 Million Dollar Exclusion

Here’s another thing to keep in mind regarding Proposition 58 child eligibility. This $1 million exclusion for non principal residence actually applies for each parent. So, even if one parent transferred $1 million of property, the other parent also gets to do the same. This actually makes for a combined exclusion of $2 million in some families. Actually though, it could be even more than two parents able to transfer non principal residences up to $1 million. Read on to see why.

Proposition 58 Child Eligibility

A child could be a son or daughter, obviously. However, more parent-child relationships also qualify. A qualifying child could also be a son-in-law, a daughter-in-law, a stepchild, or a child adopted before the age of 18.

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We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.

We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.

If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.

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