Free Ebook.


Enter your email address:

Delivered by FeedBurner

« Five Keys to Increasing Your Pay | Main | How to Select the Right College »

May 05, 2008

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

You may actually be HURTING rather than helping by commencing j/t while you are alive. Especially if you will be under the estate tax limit. Because if you gift the house in any way to children while you are alive, they inherit a stepped up tax basis, meaning that when they sell, there will be capital gains based on the date they acquired the property from you. However, if you die, there is no stepped up basis, so your children do not have to pay ANY capital gains.

The comments to this entry are closed.

Start a Blog


Disclaimer


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.

Stats