Governor Brown signs into law bill AB 2663 that would extend tax breaks for registered domestic partners. In the past the loss of a loved one meant the possibility of losing your property due to reassessment of taxes. Now, if you are a registered domestic partner and your love one passes you have same rights as if a married couple would legally have, meaning your property would not get re-assessed at time of passing. This applies to any type of transfer between couples and not limited to the example given above.
This closes an unintended loophole in the tax system and ensures that all couples have equal rights.
This information is intended for educational purposes. Any tax advised should be referred to your personal accountant.