Sell Your House to Your Kids for $10 The Family Transfer They Don't Want You Doing

Описание: Sell Your House to Your Kids for $10 The Family Transfer They Don't Want You Doing
Many parents believe selling their home to their children for a nominal fee like ten dollars is a "genius" loophole to bypass probate and taxes, but this strategy is actually a "financial grenade" that can devastate family wealth. This video dissects why transferring a deed for less than market value triggers a cascade of tax nightmares, specifically destroying the "Step-Up in Basis"—a critical tax benefit that normally allows heirs to sell inherited property tax-free.
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The analysis also warns about the "Gift Tax Trap," explaining how the IRS views the massive discount as a taxable gift, and the "Medicaid Look-Back Period," which can disqualify you from government-funded nursing home care for five years if the transfer is done incorrectly. Learn why establishing a "Revocable Living Trust" is the superior vehicle for passing down real estate, ensuring your legacy is protected from the taxman while keeping your family out of court.

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