DON'T Gift Your House to Your Kids! (Could Cost Them $200K in Taxes)

Thinking about gifting your house to your kids? STOP! This could be the most expensive mistake you ever make.

As a CPA and tax strategist, I've seen too many parents accidentally cost their children $100K-$200K+ in unnecessary taxes by doing what they thought was the "right thing." In this video, I break down exactly why gifting your home while you're alive can backfire spectacularly and what wealthy families do instead.

What You'll Learn:
✅The "step-up in basis" rule that most people have never heard of
✅Real examples showing $200K+ tax differences between gifting vs. inheriting
✅Why losing control of your home can devastate your family
✅The truth about avoiding nursing home costs (spoiler: gifting doesn't work)
✅What revocable living trusts are and why they're the smarter solution
✅Gift tax implications you need to know about

Real Example from the Video:
Sarah bought her house for $200K, now worth $1.2M. If she gifts it to her son while alive, he'll pay $200K+ in taxes when he sells. If she keeps it until she passes, he pays ZERO. Same house. Massively different outcome.
This isn't just theory. This is how the tax code actually works, and it's completely legal. But most CPAs won't tell you about these strategies because they either don't know them or they're too scared to implement them.

The legacy you're building deserves to be protected the right way. Don't let good intentions become your family's most expensive mistake.

📚 Get My Book: "Your Biggest Expense" - 10 strategies to legally reduce your taxes by 30%+ (link in comments)

📞 Free Strategy Call: If you're paying $50K+ in taxes annually and want to see how much you could save, book a free call with my team.
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Chapters:
0:00 - The $200K Mistake Parents Are Making
0:53 - Why This Matters for Business Owners & Legacy Builders
1:44 - The Problem Most CPAs Won't Tell You About
2:40 - Jennifer's Story: A Costly Mistake
3:31 - What is "Step-Up in Basis"? (This Changes Everything)
4:34 - Real Numbers: Sarah's $200K Tax Difference
6:28 - 4 More Problems with Gifting Your Home
7:19 - Gift Tax Issues You Need to Know
8:15 - The Wealthy Family Solution: Revocable Living Trusts
9:11 - Maria's Story: How Trusts Protected Her Family
10:04 - What About Estate Taxes?
10:56 - What You Should Do Right Now
11:49 - Your Next Steps & Resources
12:35 - Closing Thoughts on Protecting Your Legacy