On March 28th the Inglewood Board of Realtor Annual Installation at the Proud Bird. Attorney John Sweeney gave the keynote address highlighting systemic bias in LA’s real estate development, focusing on historic discriminatory practices like restrictive covenants. These barriers, though legally removed, still hinder African American communities.
Attorney Sweeney’s discourse extends to contemporary challenges like Proposition 19, discussed with Attorney Collins. Prop 19 underscores the threat to properties transitioning from one generation to another, disproportionately affecting African American communities due to inadequate estate planning.
Establishing living trusts is crucial to safeguard generational wealth and property rights against external threats, as no other legal instrument offers such robust protection.
Recognizing historical injustices and taking decisive action is vital. Advocating for comprehensive estate planning measures and addressing systemic disparities in real estate are imperative.
Let’s heed Attorney Sweeney’s call to action for a future where equitable access to property and wealth preservation is universal. Together, we can ensure our communities’ legacies endure for generations.
