The Deadliest Estate Planning Mistake: One Signature That Costs Your Kids 40%
Автор: TheRetirementStory
Загружено: 2026-01-25
Просмотров: 15
Описание:
Most parents think they’re doing the right thing by adding their child to the home title early.
In reality, this single signature can trigger massive capital gains taxes and destroy a family legacy.
In this video, James explains:
• Why adding your child to your deed while you’re alive can cost them tens or even hundreds of thousands
• How the IRS uses “tax basis” to quietly take your family’s wealth
• The difference between gifting a home vs. inheriting it
• How a step-up in basis works — and why it matters
• Why living trusts and transfer-on-death deeds exist
This is not about loopholes.
This is about avoiding a mistake that families regret every single day.
⚠️ Educational information only. Estate laws vary by state. Always consult a qualified estate planning attorney.
If you care about protecting your children and keeping your home in the family, this is a conversation you cannot afford to ignore.
⚖️ ADVISORY & DISCLAIMER:
The content in this video represents the personal insights and opinions of James Sterling for educational and entertainment purposes. This is not professional financial, tax, or legal advice. Long-term care laws vary significantly by state; always consult with a qualified elder law attorney or financial professional.
SUBSCRIBE to The Retirement Story to shield your assets from the system.
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