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>>> (h) (1) For purposes of subdivision (a), the terms "purchased" and
>>> "change in ownership" do not include the purchase or transfer of the
>>> principal residence of the transferor in the case of a purchase or
>>> transfer between parents and their children, as defined by the >>
>> I have very little understanding of the opportunities or limitations
>> that might be posed by this section -- preserve Prop 13 benefits?
>> reduce estate tax? -- but let me start with a definition question, >> namely: >>
>> Interpretation of "parents and their children"?
>>
>> As a sample case, 2 parents (married to each other), 4 children: 3 are
>> natural children of the father, 1 of the mother, by previous marriages
>> (none of them are children of both). Lived many years as stable family,
>> but no adoptions -- and all children are now grown and living elsewhere
>> than the (hugely appreciated) family home.
>>
>> And to jump further ahead, suppose one of these parents has died,
>> leaving principal residence to surviving spouse. Is there still a
>> "parents and their children" complex here?
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