@ryan_nork: 🎅 Never Leave Your Kids Your House In Your Will 🎄 When you have owned your home for a long time, the value has appreciated massively. If you transfer your home to your kid’s name or leave it to them in your will, your kids will be responsible for all of the capital gains taxes as if they were buying it at full price. After the government takes their portion, your kids will be lucky to get 65% of your home’s value, that you worked for and paid off for them. However, instead put your home into a Trust and name your kids as the beneficiary. This will allow them to receive the house tax free from a Stepped Up in Cost Basis and begin your families generational wealth through real estate. #realestate #realestateinvesting #investing101 #livingtrust #generationalwealth

Ryan Nork

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Region: US

Friday 27 December 2024 02:43:36 GMT