A revocable living trust lets you pass a house to your kids tax-free and skip probate. Don't gift it while you're alive, that triggers taxes. Put the house in the trust instead, and it transfers to them when you die with no court involvement.
Would you like to know how to give your home to your kids so they don't have to pay any taxes on it? If you would, write this down because here's how you do it. First, here's what not to do. Don't give them the house while you're alive. That creates all kinds of taxes. What you want to do is to create a revocable living trust and leave them the house in the trust. By doing that, when you die, they'll get the house without any taxes and it will not have to go through probate court. Find out about these tips and a lot more when you sign up for my newsletter in my profile link.
comment workshop.free still need plan to keep people out of court. learn how to in less than an hour
