I have been a faithful reader of your column for many years, and it has shaped how I think about relationships, property, and finances as I begin to navigate the financial world as a young adult in her mid-twenties. Though I thought it would be a decade or two before having to confront any of these issues myself, I find myself in need of advice now.
California just passed Proposition 19, which will, in part, require that inherited homes that are not used as principal residences, such as second homes or rentals, be reassessed at market value when transferred.
The Moneyist:I got a promotion and a raise, but my colleagues undermine me. How do I balance work and my happiness?
My father has recently inherited just such a home from his parents’ estate and, in an attempt to circumvent this new law, would like to immediately pass it onto