Putting property into a trust does NOT change your tax liabilities. Any income from property in the trust (such as rents from houses, profits from stock shares, or other income) will be taxed on your personal taxes just like it was before you created the trust and put the property into it.
Additionally, your property tax will not be re-assessed or increased when you transfer houses or land into the trust because California has an exemption to reassessment for property moved into a personal or family trust. You can expect no changes in your tax status from creating a trust and placing property in the trust.
DISCLAIMER: All legal principles quoted are valid as of the date of writing in the State of California. However, you should NEVER base your actions on a legal article, blog, or internet story, as facts in real life are complicated. You should have your case evaluated by an attorney experienced in the area of law needed for your case. In addition, there are often exceptions and potential changes to results that occur due to facts that you may think are trivial or unimportant. This article should not be taken in any way as legal advice on your specific legal matter.
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