Three reasons not to give your house to your kids.
Passing It On: Estate Planning for Families · Michael Pevney
February 6, 20241m 56s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com Aleman655 three reasons not to give your house to your kids. One, it now belongs to them. They can sell it without your permission. Too, the home is not protected from your children's predators or creditors. Three, they are going to pay a lot in capital gains tax, much more than they should. The better solution, put that house while they are alive inside of a revocable, living trust making the children in the beneficiaries. #Parents #Kids #CapitalGains #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty