Don't Let Your Parents Put Your Name On The Deed To Your House
Passing It On: Estate Planning for Families · Michael Pevney
October 18, 20232m 5s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com A lot of people think it's a good idea to get their own name on the Dittu their parents house. However, this could crush you in capital gains taxes in the long run. The better solution for your parents, put the home inside of a living. Trust with you, the children as beneficiaries. That way there will be a step up in tax basis that will save you a lot of money in capital gains taxes when it finally comes time to sell that home, #Taxes #capitalgains #Living #EstatePlanning #FillThatBucket #OrangeCounty #MissionViejo