#421 "Tax and Legal Planning: Debunking FAQs and Misconceptions"
Main Street Business
00:00
Why We Hate Moving Properties Around Between Parents and Children
When you're transferring property around between parents and children, there could be gift tax or estate tax consequences. A great way to pass on assets is through debt. Transferring properties from parent to child while the parent is still living is a terrible tax strategy. With spouses, this doesn't apply. You can move properties around without tax consequence between husband and wife.
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