Law Mother
Region: US
Wednesday 27 September 2023 13:33:11 GMT
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lilylabufanda :
What the hell does that mean
2023-09-28 03:55:25
13939
Kaylee Dostica :
Or sell it for a dollar so you don’t pay inheritance taxes
2023-09-27 22:09:10
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user9691438616607 :
This is incorrect. You would not pay $700k in cap gains. It would be 15% of the gain, so $105k, And ONLY if you sell it.
2023-09-30 00:44:33
1072
Kat :
Could you also have them add your name to the deed alongside theirs?
2023-10-04 21:23:51
9
TexasJoy :
“How did you learn this?” always ruins the informative nature of videos. 😂
2023-10-08 14:38:53
346
Jennifer Guzman :
What happens if a parent is deceased and the house is still in their name?
2023-10-04 19:50:43
44
noct :
Nah my mom gifted me and my sister her house/property and it’s 100% paid off. I’m good
2023-10-08 15:07:41
39
Estefania Veliz :
Not me saving this knowing my parents have nothing in their name and my dads stuff is still sitting on lay away at the pawn shop.
2023-10-08 06:28:37
45
Luis Farias :
or just pay your taxes
2023-10-04 05:24:59
22
Kim Keane :
Ahhh parents paid 84k for their home in Santa Cruz, CA in 1978. It’s now worth 1.5 million and they did this exact thing for us! Thanks mom and dad!
2023-10-04 21:45:41
35
Vicky Smith5361 :
Can I leave my kids my house if I’m still paying mortgage? Or do I have to totally own it and have the deed? What then?
2023-10-08 13:39:42
20
LookwhostalkingMeow :
I thought capital gains taxes only apply if you try to sell it within a certain time period? Like not indefinitely
2023-09-29 22:20:15
11
Kayla :
Inherited our great uncles ranch in fort Morgan, co and we were so worried about probate, unfortunately he didn’t do this, so we are fighting gov.
2023-09-28 13:19:48
6
m.coughenour :
My grandad sold his house to my dad for $1
2023-10-02 03:18:54
28
StormedToast :
Hold on to your trust paperwork!!! It’s not paperwork that’s recorded in states like Kansas. So if lose it you have to go back to the lawyers.
2023-10-01 13:37:28
7
Sulay Taf :
What is the cost to open a trust?
2023-09-30 13:49:39
23
mam mom :
Not true! You get the house at the stepped-up value at the date of death. Which means you inherit it at the value on the date of death.
2023-09-30 22:54:03
23
Taxbron :
Why not do a deed change of joint tenancy with right of survivorship instead?
2023-10-06 01:03:07
22
Savannah🪩🩷⚡️ :
Highly recommend doing this, this is what my mother did before she passed!
2023-09-29 20:36:31
23
Monica Carter17 :
My parents house is in a reverse mortgage. How does that work with their house?
2023-10-04 20:46:19
5
Deborah Kaczor :
A revocable living trust is the way to go! It avoids the probate mess along with many tax issues depending on the state. I am in the process of this
2023-09-30 17:17:04
23
Bobby 🐥 :
how is anyone expected to know this stuff. this is insane
2023-09-29 21:41:30
12
Estrellaa Diaz :
How can I do this in Tx?
2023-10-05 20:06:59
18
Mellyx1 :
Or file with your county transfer on death deed/affidavit and it avoids probate and is simple and easy.
2023-10-05 22:32:16
14
Dakota Marie, RN :
So my dad wants to put me on the deed while he is on the deed still will that be the same thing? We are going to see a lawyer first.
2023-10-03 00:49:37
9
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