Beyond Real Estate – Gray Divorce & Proposition 19
More couples over 50 are divorcing in California—what’s called a gray divorce. Beyond the emotional side, there are major housing and tax decisions to make.
One of the biggest factors is Proposition 19. This law lets homeowners 55+ transfer their property tax base to a new home anywhere in California (up to three times). That can save thousands in annual property taxes.
But here’s the problem in divorce: only one spouse can use this benefit. It’s first-come, first-served. That means if both spouses sell and buy new homes, only one will carry the low tax base forward. The other could face a much higher property tax bill.
This makes Prop 19 a critical negotiation point in divorce settlements. Who gets to use it may be worth as much as splitting retirement accounts or home equity.
If you’re going through a divorce—or advising someone who is—don’t overlook Prop 19. The right planning can protect your long-term housing costs.
👉 Book a complimentary consultation here https://bit.ly/3Du6LHb
to learn how Prop 19 may impact your next move.
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