Transferring Property Into a Trust Without Triggering Tax and Stamp Duty
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🏡💰 Want to pass your home to your kids without them getting slammed with taxes? Here’s how a living trust step-up in basis can save your family thousands 👇 📜 1. Put Your Home in a Living Trust A living trust lets you keep control of your home while you’re alive — but once you pass, it goes directly to your beneficiary (like your child) without probate. ⚖️ 2. Step-Up in Basis: What That Means Normally, if your kid sells the home you gave them while you’re still alive, they owe capital gains t
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🏡💰 Want to pass your home to your kids without them getting slamme…
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🏡💰 Want to pass your home to your kids without them getting slammed with taxes? Here’s how a living trust step-up in basis can save your family thousands 👇 ⸻ 📜 1. Put Your Home in a Living Trust A living trust lets you keep control of your home while you’re alive — but once you pass, it goes directly to your beneficiary (like your child) without probate. ⸻ ⚖️ 2. Step-Up in Basis: What That Means Normally, if your kid sells the home you gave them while you’re still alive, they owe capital gai
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