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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 6:38 pm to fareplay
Posted on 5/7/24 at 6:38 pm to fareplay
I’m going to add my children to the title as homeowners or sell it for $100 to them long bf I die vs inheriting. Then they can do as they wish and hopefully won’t be taxed out of it.
2
Posted on 5/7/24 at 7:00 pm to Dixie2023
quote:
I’m going to add my children to the title as homeowners or sell it for $100 to them long bf I die vs inheriting. Then they can do as they wish and hopefully won’t be taxed out of it.
This would eliminate them getting the stepped up basis upon your death and likely cost them more when they sell it in taxes.
Posted on 5/7/24 at 7:37 pm to Dixie2023
quote:
I’m going to add my children to the title as homeowners or sell it for $100 to them long bf I die vs inheriting. Then they can do as they wish and hopefully won’t be taxed out of it.
There is so much wrong in this statement.
This post was edited on 5/7/24 at 7:37 pm
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