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Adding Your Kid to the Deed Is a DIY Move Estate Attorneys Warn Against Constantly. If the House Sells Before You Die, Your Child Can Owe Capital Gains a Will Would Have Erased.

Source: 247wallst.com

Tax & TariffsHousing & Real Estate
Adding Your Kid to the Deed Is a DIY Move Estate Attorneys Warn Against Constantly. If the House Sells Before You Die, Your Child Can Owe Capital Gains a Will Would Have Erased.

Estate attorneys caution that adding a child to a home's deed to avoid probate can create an unexpected tax consequence when the property is later sold. The article highlights a potential estate-planning risk for homeowners, but provides no specific tax rate, dollar amount, or market-moving development.

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