Not a Good Idea: Giving Your Home to Your Children Too Soon

Loving parents, and/or those thinking they have hit upon a good financial strategy, sometimes give their home to their kids before its normal transfer as part of their estate.  Here are the Dangers of Giving Your Home to Your Children to soon! -David

P.S.  Sorry kids, just be patient!

Title Matters!

How should you title your home?  When it's time to inform the escrow company or lender how you plan to take title to your home purchase, you should already have the answer from your CPA or tax attorney!

Holding title as an individual, a married person, a joint tenant, a tenant in common, or in trust makes a great difference in terms of inheritance and potentially estate taxes.  Get it right when you buy the property. - David