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3 Reasons You Shouldn’t Accept a House as a Gift from Your Parents
Manage episode 478813284 series 3661345
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Thinking about accepting a house as a gift from your parents? You might want to think twice! In this episode, Attorney Joe Seagle breaks down the hidden pitfalls—like gift taxes, capital gains taxes, and losing homestead protections—that could cost you big time. He also shares smarter alternatives, like the Lady Bird deed, to help avoid probate and ensure a smooth property transfer when the time comes.
Don’t make an expensive mistake—watch now!
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