Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
493.0000 GRANDPARENT-GRANDCHILD TRANSFER
493.0130 Trusts. As with transfers of property from a parent to a child, transfers from a grandparent to a grandchild can be excluded from change in ownership when accomplished through a trust and subtrusts, provided that the transfers are not made to a legal entity, such as a LLC, even if it is owned by the grandchild. The grandchild is an eligible transferee, if on the date of transfer both parents are deceased or one parent is deceased and the other no longer qualifies as a "child of the grandparents" because of a divorce. C 2/26/1997.