Wealth advisers say handing down real estate is increasingly filled with both financial and emotional pitfalls for families.

He could sell the first home before Aug. 1, 2014, and retroactively transfer his old property-tax assessment to his new home, even if the new home's value has climbed above $610,000.

Transfer taxes are not tax-deductible against your income tax, but can increase the tax basis of the property for the purchaser, reducing future capital gains taxes.

Transfer taxes are charged by the government when ownership of property is transferred from one individual to another. The total amount of the tax is based upon the total value of the property ...

Nowadays, transfer tax can be a major consideration in structuring and funding a property transaction. And the requirements for complying with, or being excluded from, transfer taxes have multiplied.

There are very powerful progressive interests which intend to impose transfer taxes at a level to completely “recover” all the taxes that were not owed by homeowners because of Prop. 13.