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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 7:00 pm to Dixie2023
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.
1
Posted on 5/7/24 at 7:15 pm to Dawgfanman
Ok, thx. I’ll definitely talk to someone in due course. It’s insane that an heir would be taxed on a home other than continuing property taxes if they don’t sell. Maybe a trust prevents that.
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