Will the transfer of real estate from a corporation to a trust vesting trigger reassessment of the property when all the stockholders do not receive equal proportional beneficial interests in the trust vesting?
Facts: A corporation transfers ownership of real estate to a trustee of a trust. The beneficiaries of the trust were fewer than all the stockholders in the corporation. The beneficiaries of the trust held 100% of the voting rights in the corporation as well as in the trust. The county assessor reassessed the value of […]
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