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Step-Up in Basis: How Heirs Reduce Capital Gains on Inherited Property?

Step-Up in Basis: How Heirs Reduce Capital Gains on Inherited Property?

by Schorr Law | Dec 22, 2025 | Property Tax

What is Step Up Tax Basis and Why It Matters for Heirs? If you have inherited real estate or are planning your estate with future generations in mind, there is one tax concept that can significantly affect how much wealth is ultimately transferred: step-up taxation....
What Happens with Delinquent Property Taxes in California?

What Happens with Delinquent Property Taxes in California?

by Schorr Law | Oct 28, 2025 | Property Tax

Owning a home in California means managing several responsibilities, including paying your property taxes when they become due.  These taxes are crucial for funding local services like Los Angeles County schools and public safety departments, but missing payments can...

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    Recent Blogs

    • What Is an Ouster in California Real Estate? Co‑Owner Exclusion Explained
    • Undivided vs. Divided Interests in California Real Estate: Co‑Ownership
    • Partnership Dissolution Buyout Agreement in California | How It Works
    • Practical Steps to Document Construction Defects in California
    • California Wildfire Disclosure Requirements for Home Sellers
    • Thirdhand Smoke Disclosure Requirement in California (AB 455)
    • Builder Warranty Claims in California: Coverage, Defects & Legal Options
    • Quiet Title Action in a Family Dispute: Can You Win in California?
    • Step-Up in Basis: How Heirs Reduce Capital Gains on Inherited Property?
    • What Does Milian v. De Leon Mean for Joint Tenancy in California Partition Cases?

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