# @sirmoneymoves on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C-Vd3Z4vXWv
- **Gondola URL:** https://gondola.cc/posts/27740618-sirmoneymoves-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/84ca608e50.jpg
- **Posted:** 2024-08-06T16:37:45.000+00:00
- **Account Owner:** Jemayne Williams - Finance | Life Insurance | Investing (@sirmoneymoves) — https://gondola.cc/sirmoneymoves

## Caption

Comment ‘Trust’ to receive my Free Living Trust Guide and access to my Masterclass.

Avoid transferring your home to your kids’ names! While it might help avoid probate, it creates a hefty capital gains tax issue. 

If you bought your home for $300,000 and it’s now worth $1 million, your kids would owe taxes on $700,000 if they sell. 

Instead, place your home in a living trust to avoid probate and enjoy the step-up in basis, ensuring the house is tax-free. 

#EstatePlanning #LivingTrust #AvoidProbate #CapitalGainsTax #FinancialPlanning #WealthManagement #Inheritance #TaxStrategies #RealEstate #LegacyPlanning

## Stats

- **Views:** 0
- **Likes:** 207
- **Shares:** 0
- **Comments:** 18

## Tags

livingtrust, inheritance, realestate, legacyplanning, avoidprobate, wealthmanagement, financialplanning, taxstrategies, capitalgainstax, estateplanning

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