A common question I get is whether or not creating a living trust means you will have property tax consequences or changes. I often suggest my clients get a living trust, especially if they own property in the state of California. But, a major drawback seems to be the possibility of causing a property tax reassessment if anyone touches the title to the property. No one wants the added stress of a reassessment, but please note that there are exemptions for this. You simply have to look for them. Why Choose a Trust in the First Place? Most people tend.