Caitlin Carey was quoted in the Forbes article, "How Luke Perry’s Estate Maximized This Unique California Tax Shelter," regarding the parent-child property tax exemption and how Luke Perry's estate is an excellent example of its benefits.

“The parent-child exclusion provides great benefits to California property owners that, with proper planning, can be passed on to the next generation,” she says. “The rules are complex, however, and must be followed carefully to avoid inadvertently triggering reassessment.”

Caitlin sums up the impact, “This is why many children in California are holding on to residences and rental property. This is not just a one-time saving but a savings each and every year. [It] can really add up over time.”