Inheriting a home in California? Before you decide to sell, rent, or move in, there are a few things to know. In this short video, Katherine covers the four that are easiest to overlook: ongoing mortgage payments and insurance, trust responsibilities, Proposition 19, and property tax reassessment.
Knowing where to start helps you avoid costly mistakes and make informed decisions about the property. The full version, with the step-by-step of who is in charge, what happens to the bills, and the Prop 19 deadlines, is the article on inheriting a California home in a trust on this site.
If you have inherited a home in Orange County and are weighing what to do with it, reach out — Katherine is happy to help.
Disclaimer: Katherine is a licensed California Realtor, not an estate planning attorney or tax professional. This video is general information only and not legal or tax advice; consult qualified professionals about your specific situation.