009: How to Transfer Real Estate in California Without Triggering Massive Capital Gains or Property Tax Reassessment

In this episode of Legacy Protected, DeDe Soto breaks down one of the most important estate planning issues facing Southern California families: how to transfer high-value real estate without triggering unnecessary taxes. With property values soaring across Orange County, understanding step-up in basis, capital gains, Prop 13, and Prop 19 is critical—especially for seniors concerned about Medicaid planning, nursing home costs, and long-term asset protection. DeDe explains common mistakes, like adding a child to the deed, and why that "simple" move can create serious tax consequences. She also outlines how revocable trusts, proper title strategy, and community property rules can help families avoid probate while preserving generational wealth. If you own California real estate and want to protect what you've built, this episode offers clear, practical guidance. In this episode, you will hear: Why skyrocketing Orange County real estate values change the estate planning conversation Step up in basis and the capital gains consequences of gifting property during life Prop 13 protections and when property tax reassessment is triggered How Prop 19 limits parent to child transfers to a primary residence The risks of adding a child to the deed and exposing the home to liability Community property versus joint tenancy and why title strategy matters Using revocable trusts and LLCs to avoid probate and strengthen asset protection Resources from this Episode https://www.thesotolawgroup.com/contact-us-newport-beach-lawyers Phone: 949-629-4569 Address: The Soto Law Group 4041 MacArthur Boulevard, Suite #200 Newport Beach, CA 92660 Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.