(Photo from 2018 Family Wealth Forum)

 

Background

Former Assessor Carmen Chu created the Family Wealth Forum, an all-day community focused event that addressed frequently asked questions about estate planning and passing on a family’s most valuable asset, their home.

In 2021, Assessor Joaquín Torres expanded the program in partnership with community-based organizations as well as the SF Public Library. The goal of the Family Wealth Series is to take resources and experts into underserved communities to build homeownership across neighborhoods.

Some people face barriers to accessing services like financial advising and credit counseling – a pervasive and costly issue. Without bank accounts or credit scores, many communities are locked out of the financial system. Our goal with the Family Wealth Series is to lower barriers and connect all San Franciscans, regardless of household income, with the resources they need to make the right financial choices to build a life of safety and security for themselves and their families.

The high turnout and positive responses from attendees at previous Family Wealth events are a clear indication that there is a need in the community to share information and resources to build financial resilience. We invite you to join us at an upcoming event.

 

Upcoming Digital Family Wealth Series Events

 

 

Please feel free to submit your questions to assessor@sfgov.org in advance of our workshops. Habrá servicios de interpretación al español disponibles. 將會提供中文翻譯服務

Register for July 6: Prop 19 Tax Benefits here.

Register for July 13: Personal Finance for First-Time Buyers here.

Register for July 20: Property Tax 101 here.

Register for July 27: Estate Planning 101 here.

 

Digital Family Wealth Series Workshop Descriptions

Prop 19
Eligible homeowners can take advantage of property tax savings that come from Prop 19, which passed in November 2020. San Francisco Assessor Joaquín Torres takes a deep dive into Prop 19 and shares new benefits for seniors and families in this presentation.

Personal Finance for First-Time Homeowners
Are you planning to buy your first home? This workshop introduces concepts of lending and credit score. Gain tangible steps to build credit and reach financial goals, including purchasing your first home. San Francisco Assessor Joaquín Torres welcomes Mission Asset Fund to co-present this workshop.

Property Tax 101
Knowing how your property taxes work, what causes them to go up and down and what exemptions are available is important – and that knowledge can even save you money. In this workshop San Francisco Assessor Joaquín Torres covers property tax basics, explains what they pay for, and how to pay them.

Estate Planning 101
This workshop explains the difference between passing on property through probate versus having an estate plan in place. You’ll learn key components of an estate plan, including a trust, durable power of attorney, advanced healthcare directive, and a will.

Do you have a workshop idea or want to collaborate? Contact assessor@sfgov.org

 

Additional Prop 19 Resources

At the Assessor's Office, we understand that planning for a secure financial future is a top priority for San Francisco families, especially during these uncertain times. On November 3, 2020, CA voters passed Prop 19, which makes changes to property tax benefits for families, seniors, severely disabled persons, and victims of natural disaster in our state. In response, our Office hosts a set of workshops, designed to provide families with the necessary tools to understand this new law and continue their financial planning. You can watch the videos and learn more about Proposition 19 (2020) on our one-stop webpage here.

 

Video Presentations from July 2020 Family Wealth Forum