412K views · 3.5K reactions | How to Transfer a Home from your parents  Step-Up in Basis this is not financial advice! Consult an attorney for specifics on your unique situation! #stepupinbasis #inheritance | Addison Jarman | Facebook
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69K views · 5K reactions |  If your parents plan to leave you their house, don’t let them put it in your name while they’re alive — you’ll miss out on the step-up in basis and could owe huge capital gains taxes later  Instead, keep it in their name (or a trust) so when you inherit, the tax bill can be way smaller.  Always consult a professional to see what’s best for your unique situation! #EstatePlanning #TaxTips #GenerationalWealth | Addison Jarman | Facebook
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Addison Jarman || Money Expert on Instagram: "🏡💰 Want to pass your home to your kids without them getting slammed with taxes? Here’s how a living trust + step-up in basis can save your family thousands 👇 📜 1. Put Your Home in a Living Trust A living trust lets you keep control of your home while you’re alive — but once you pass, it goes directly to your beneficiary (like your child) without probate. ⚖️ 2. Step-Up in Basis: What That Means Normally, if your kid sells the home you gave them wh
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