Morgan Orr | Mortgage Tips
Region: US
Thursday 03 April 2025 21:22:52 GMT
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Lord. R :
instead of having to bend all these rules.... how about the government shoves it.👏
2025-04-05 10:19:31
10147
Ris 💕 :
My parents did this. It also prevents the nursing homes from taking it too!
2025-04-05 15:38:57
1642
wefagenda :
doesn't work like that in canada
2025-05-01 17:35:01
312
Elias Staehle :
Taxes are theft
2025-04-05 14:49:59
4853
thatsouthernplumberguy :
Ya but let’s not tell them about most states by the third or fourth generation to own it it will be tax exempt.
2025-04-05 13:03:34
441
Gary Butler328 :
In Australia, add you child on the deed as a "tenant in common" that way when you pass, they become the owner and pay no tax.
2025-05-02 15:16:17
148
Frumpy :
He should add, only in America
2025-05-01 23:19:51
123
MrStutz333 :
those taxes should be illegal. that house is paid off. there should be ZERO money paid for it. only the continuation of monthly property tax. like "gains taxes"? are you serious?
2025-04-06 16:56:29
635
Eli Bell :
The fact we have allowed this to happen is crazy like I spend my life getting wealth but because the paper is the wrong one my kids lose almost half of what I did for them
2025-04-05 15:34:02
150
Phowhennix AZ :
even if the house is already paid off we still gotta pay... ???
2025-04-05 11:34:17
22
Eltaif Adem :
In most countries there is no taxation on Inheritance
2025-05-02 09:34:24
60
CJ :
What if your parents didn’t have a will but the house is in their name?
2025-04-04 04:39:08
10
Bria Sneed :
CPA here. This is false. Kids receive a step up in basis to the FMV at the time of death. So the gain is based on FMV, not original cost. Agreed that trusts are good too though.
2025-04-06 20:55:11
21
elijahg2234 :
Cost basis is fair market value at date of death unless executor of the estate elects an alternate date which is 6 months after death
2025-04-05 03:23:51
33
Dr. Jones :
Is this relevant in South Africa
2025-05-26 21:08:27
11
TylerDurden :
I never had to in ontario canada. all I had to pay was a land transfer tax that was like $1200 that was it. house is all mine.
2025-05-03 12:54:45
0
Tacoman2431 :
Bruh why isn’t this in the will alr 🤦
2025-04-05 15:37:45
97
Sandman :
problem solved, don't sell it
2025-04-05 20:48:44
43
🖤🩶NiNiN🩶🖤 :
taxes should be banned
2025-05-06 11:13:53
5
myinternalthoughts 🇨🇦 :
In Canada Principal Residence is tax free for the deceased parent. Inheritance is also tax free for the kids. Not an issue here.
2025-05-04 23:32:26
18
ang_william.19 :
is this for Canada too?
2025-05-01 13:18:26
15
user9612440784672 :
Just went through this. My mom passed in May 17,2024. We went to a lawyer and we put the executor on the title as in living trust. Cost us $300. When my mom passed she listed the house and split the money. No probate nothing it went so smooth. WE LEARNT THIS ON TIK TOK. So worth it listen up
2025-05-02 03:13:30
12
dijodp :
Do you pay taxes transferring your property to a living trust? I live in Canada.
2025-06-25 22:35:49
0
jessiemaribeljime :
I talk to the lawyer here in canada to change the will to my daughter to living trust and the lawyer told me it's fake news I will spend more money if I do this. so if your from canada I dont think this will work.
2025-05-13 14:02:18
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