Finance and Self Help Shop
Region: MX
Saturday 26 July 2025 22:41:19 GMT
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scottymac1776 :
What about capital gains?
2025-08-01 10:29:58
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rtmoynahan2 :
nope. put it in a life estate. you still get the step up for taxes and all you have to file is the death certificate.
2025-08-01 22:44:13
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witchwonds Alma Mercer :
Yes you can before you die you take everything you own and you put it in their names it's now legally binding and it belongs to them any other assets that you have you write a letter have it notarized and placed in your county or your city records that is a legal document You can avoid all of this there are simple ways to do things but lawyers love the extra fees😂😂😂
2025-07-30 18:59:18
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Mary :
They will inherit your cost base in that way but in a trust they will get the worth of the house as a cost base when you did so they can sell and not be strapped with the taxes on the home.
2025-07-29 10:14:41
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Toneman666 :
just put it in a proper trust you'll be fine!
2025-07-31 06:20:28
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Michelle Sullivan :
Just add the names to the title
2025-07-29 02:26:25
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tempestgail :
In Texas we have a Lady Bird Deed, which does not make them own anything or have any rights to the property, you can rent it, sell it or whatever because it’s still yours. When you die, the person you named on the Lady Bird Deed just takes an id and the death certificate and they transfer the title to their name, no probate.
2025-07-30 02:04:23
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Mortellaro Law :
they are going to lose the Step Up in bases under Section 1014 IRC and get hammered with capital gains income taxes. there's no need to co-own a property you want to leave to your children in order to avoid probate. you really need to stop giving legal and tax advice when you are qualified to give neither
2025-07-28 18:37:52
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M.A.M.INC ☮️ :
Assets are protected under a Family Foundation Trust
2025-07-27 23:28:33
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Maggie Bustamante30 :
Wouldn’t this be a problem if said children are married and then they get divorced?
2025-07-30 21:46:05
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rod :
How do you protect against collectors and Medicaid
2025-07-27 19:48:05
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Erika444 :
Irrevocable trust 1. You're the Trustee while you're alive 2. Name a Succesor Trustee Who will take over the Trust when u die 3. List kids/Beneficiaries. after your death everything is to go to them avoids Probate 💪 You need to carefully word the Trust !!!! HIRE A LAWYER!
2025-07-29 05:17:19
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beckyjohnson4849 :
Does this need to be in the trust ?
2025-07-29 13:26:18
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🔥🖤GAFRATE25🖤🔥 :
Or make an asset protection trust, and make them the beneficiaries and you the trustee?
2025-07-29 11:04:42
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carlcurtis712 :
yes my mom and I did it she turned the property over to me but she has lifetime use of it anything happens to me it goes to her or anything happens to her it goes to me in the will
2025-07-29 17:43:36
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lindaromaelle3 :
Omg so simple but I suggest a trust
2025-07-28 14:43:28
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user5303193237225 :
Yeah, but what about taxation of the capital gains?
2025-07-28 01:53:22
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living life 45 :
You can also do a trust. But beware of the trustie, they can drag it out for years before they sell it
2025-07-29 12:03:35
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Ramon D'luxe :
Will it work on the title as well
2025-07-27 18:28:31
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user804275405 :
Medicaid estate recovery roll back 5 years
2025-07-28 16:06:49
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user5036145288655 :
And before you die, creditors can put liens can if your kid gets in financial trouble. If you wanna give up your rights to your house that early an irrevocable trust is better.
2025-07-27 19:42:15
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user1337615755838 :
The county will reassess the property value and raise the property taxes when you do that.
2025-07-28 15:22:46
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steviespidy :
Sounds like a ladybird deed, but there is much more involved after your loved one passes away
2025-07-28 02:57:58
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Gen ❌❌bumdiggidy1❌❌ :
Put it in a trust
2025-07-29 13:50:14
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Kara Quinzel :
Without the other benefits of a Trust and possible tax implications. Put it in a trust.
2025-07-29 12:32:19
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