Lawyer: Don't Gift Your House to Your Kids! Do THIS Instead
Register For My Free Estate Planning Workshop: https://funnels.jerrytaylorlaw.com/re... In this video, I break down the 4 reasons gifting your house to your kids almost always backfires, including the capital gains tax bill, the 5-year Medicaid lookback, and the loss of homestead protections. Then I cover the 2 right ways to pass your home on, a revocable living trust and a Transfer on Death Deed, and walk you through exactly how to set each one up. Learn more: https://jerrytaylorlaw.com Follow me on Instagram: / jerry_taylor_law If you liked this video, subscribe to my channel! DISCLAIMER: This video is for educational and informational purposes only and does not constitute legal advice. No attorney-client relationship is formed by watching this video or communicating with Jerry Taylor or Jerry Taylor Law. Consult a qualified attorney in your jurisdiction for advice specific to your situation.
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