Trusts, Step-Up in Basis, and Why Seniors Hold Onto Homes

Are you or a loved one thinking about selling a longtime home and worried about capital gains taxes? In this video, Sam Spinella, your trusted Silicon Valley real estate advisor, explains how seniors can potentially avoid paying hundreds of thousands in taxes when selling a home through the step-up in basis using a revocable living trust.

💡 In this follow-up video, you’ll learn:
👉🏻How capital gains taxes affect seniors selling longtime homes
👉🏻Why selling during life could mean a $500K+ tax bill
👉🏻How trusts and the step-up in basis can eliminate that tax burden
👉🏻Real examples of what happens when heirs inherit property
👉🏻Why many families choose to pass homes through trusts instead of selling

⚠️ Disclaimer: I’m not a CPA or financial advisor. These are general tax facts for educational purposes only. Always consult with your own CPA or estate planner for advice specific to your situation.

🏡 I work with families and their advisors every day to navigate real estate decisions involving trusts, probate, and estate planning. If you’d like to discuss your options, feel free to reach out — I’m always here to help.

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SAM SPINELLA
Silicon Valley Real Estate Expert
Spinella Group @ Real
🏢 51 East Campbell Avenue, Suite 500-N Campbell, CA 95008
📞 (408) 393-9294
📧 [email protected]
🌐https://www.spinellagroup.com/

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