Diamond Bar, CA asked in Real Estate Law for California

Q: 2 brothers own 50% each of home, 1 brother signs quitclaim deed to remove name, does this reassess the property in CA?

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1 Lawyer Answer
Joshua D. Brysk
Joshua D. Brysk
PREMIUM
Answered
  • Pleasanton, CA
  • Licensed in California

A: There is no exemption for a sibling to sibling transfer, so you might be facing an increase in property taxes. However, the history of the title (e.g. if one brother added the other) and whether there is a joint tenancy (right of survivorship) could affect the analysis. you should consult with a real estate attorney to get an answer to your specific case.

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