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Why You Shouldn’t Gift Your House to Your Child – Put It in a Trust Instead Gifting your home to your child might seem like a generous and loving decision, but it can come with serious financial and legal consequences. Instead, placing the property in a trust is often the smarter choice. Here’s why: \t•\tTax Consequences: When you gift a house, your child receives it at your original purchase price (cost basis). If they later sell it, they could face huge capital gains taxes on the difference. H
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TikTokdiana_talks_realestate
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