Add a child to your house ... and lose your house.

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  • เผยแพร่เมื่อ 7 ม.ค. 2021
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ความคิดเห็น • 335

  • @wiseforce7045
    @wiseforce7045 2 หลายเดือนก่อน +361

    You know .....these ridiculous laws with the homes that we buy and pass on to our family after we've worked hard for it AND paid our taxes.... they're just way too much in the hands ""others"". Our home is OUR homes., we sweat it for it, we purchased it with our own hard earned money and we should not have to go through all this crap! We have to do something to change these "laws"

    • @junicohen7918
      @junicohen7918 2 หลายเดือนก่อน

      Someone has to feed welfare recipients and the core democrat constituents

    • @candicel8290
      @candicel8290 2 หลายเดือนก่อน +21

      I’m with you on that one.

    • @Qwr345
      @Qwr345 2 หลายเดือนก่อน +31

      It’s all a scam…. Only old money can own stuff. We are all renters with an elusion of ownership

    • @Qwr345
      @Qwr345 2 หลายเดือนก่อน +16

      Even new money is not safe…one wrong tweet and it’s bankruptcy or jail.

    • @joshmonus
      @joshmonus 2 หลายเดือนก่อน +26

      So long as we are forced to pay property taxes then nobody owns anything.

  • @Dreameress
    @Dreameress 2 หลายเดือนก่อน +192

    My Grandma and I have a joint tenancy with Rights of Survivorship. It's a gift to me in exchange for promising to never put her in a nursing home and for handling all household management and service providers. She's too old to take care of the house and bills on her own, and we both live in the house together. Honestly, I believe it's what is right. Families should stick together and take care of each other.

    • @KalaGora031
      @KalaGora031 2 หลายเดือนก่อน +17

      Absolutely agree. Nursing homes are prisons for older people

    • @asadzeethree2726
      @asadzeethree2726 2 หลายเดือนก่อน +14

      I completely agree with you! The problem is anyone below the age of 30 and born or being brought up in the Western world doesn't want anything to do with the older generation!

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 2 หลายเดือนก่อน +10

      For sure
      I did it and got nothing
      But I lived there rent free n didn’t pay utilities

    • @chrishart8548
      @chrishart8548 2 หลายเดือนก่อน +3

      ​@asadzeethree2726 even if we did we will be to busy working until we die. How are we supposed to look after the old

    • @Dreameress
      @Dreameress 2 หลายเดือนก่อน +7

      @chrishart8548 The young and old family members pool their resources together, creating less strain and simultaneously keeping wealth within the family. One house together or a granny cottage in the backyard makes fewer bills. Ideally, you would have a wife to care for the elderly and do all the housework while you do the outside work. Also, work from home jobs and creating at home businesses are ideal as well. This is what my husband, myself, and my grandmother are doing, and it is setting us all up quite nicely going forward. We're quite optimistic about the future.

  • @100moula9
    @100moula9 2 หลายเดือนก่อน +22

    The illusion of Freedom ain’t free..

  • @kh485
    @kh485 2 หลายเดือนก่อน +79

    They make it complicated on purpose so you need a professional. It’s a system of wealth distribution and control. They change the rules often to confuse people.

    • @koriko88
      @koriko88 2 หลายเดือนก่อน +3

      “They”

    • @TradBarbie
      @TradBarbie 2 หลายเดือนก่อน

      ​@@koriko88 gov/1sræl

    • @kh485
      @kh485 2 หลายเดือนก่อน +5

      @@koriko88 You don’t think that the architect of the matrix is out there? How do you think events happen in lockstep? Do you honestly believe that this complicated system is “the will of the people” or “natural market forces”. Explain away my friend. I will red pill you quickly😂

    • @randomCHELdad
      @randomCHELdad 2 หลายเดือนก่อน +1

      @koriko88 Pretty sure THEY wanna go by they nowadays...

    • @dubbled9685
      @dubbled9685 2 หลายเดือนก่อน +1

      "They" nose people

  • @go6944
    @go6944 2 หลายเดือนก่อน +65

    Why can’t the government just let people do as they wish with their homes.

    • @ariot2398
      @ariot2398 2 หลายเดือนก่อน

      Because the govt believes they own everything. Including you!

    • @lmeza1983
      @lmeza1983 หลายเดือนก่อน +12

      because freedom is just an illusion

    • @SkyfromLa
      @SkyfromLa หลายเดือนก่อน

      Dems

    • @dianadeejarvis7074
      @dianadeejarvis7074 หลายเดือนก่อน +2

      Because family members squabble over what was intended.

    • @OpenBiolabsGuy
      @OpenBiolabsGuy หลายเดือนก่อน +6

      Because people make things complicated, then they WANT the government to get involved to arbitrate the mess they created, and then government gets involved in everyone else’s business because that’s the nature of government. People are litigious. Not everyone keeps things simple like you.

  • @tisa4572
    @tisa4572 2 หลายเดือนก่อน +154

    I have my home in a trust. As long as I'm alive I can do what I want to. Rent it sell it whatever. But if I pass away and I still own the home it goes directly to my child without probate... And it becomes effective the day of death... That is something to consider also

    • @rodschmidt8952
      @rodschmidt8952 2 หลายเดือนก่อน +50

      My dad did that. The lawyer pulled an endless-accounting scam: we can't distribute the trust assets yet because the accounting isn't done yet... then when the accounting is eventually ready, we still can't distribute the trust assets because the NEXT accounting is late... and the accounting was mostly about how much had been spent on lawyer fees, doing the accounting...

    • @p.gizzle90
      @p.gizzle90 2 หลายเดือนก่อน +13

      My gdaddy did this for me❣️ The best forward thinking thing u can do…is to put your house in a trust esp if it’s paid off.

    • @NadeemAhmed-nv2br
      @NadeemAhmed-nv2br 2 หลายเดือนก่อน

      ​@@rodschmidt8952take them to court, that's also why the person that manages it should be a trust worthy relative /kid

    • @rceravolojnr
      @rceravolojnr 2 หลายเดือนก่อน +3

      Have already done the same for my kids and wife I'm the director and they are the beneficiaries when there children are born they will be added to the trust and on it goes

    • @patnor7354
      @patnor7354 2 หลายเดือนก่อน

      @@rodschmidt8952 At least lawyers have names and adresses so you know where to send your... complaint...

  • @JeffSherlock
    @JeffSherlock 2 หลายเดือนก่อน +151

    The laws are competely insane.

    • @christianc8453
      @christianc8453 2 หลายเดือนก่อน +4

      It’s the duty of citizens to not obey unjust laws.

    • @lc2748
      @lc2748 หลายเดือนก่อน +1

      Utterly.

  • @BeardMan01
    @BeardMan01 หลายเดือนก่อน +3

    I am in charge of my family property and trust. I kept it up and took care of my great-grandmother while she was on her deathbed. It's been almost 20 years, and her room is still there untouched with locks on the door. My cousins all get to enjoy and use the property, but I retain ownership of everything. They keep their horses there. One cousin has 100 peach trees and my aunt rents a room out of the house so she has a place to stay when she comes to town. Til this day when I go there, I go hang out in my GG's room in her rocking chair and have at least one glass of bourbon and just reflect. I'll rummage through her jewelry box, or look in the closet and think of memories that they bring me. I used to hang out with her and drink bourbon with her while she was sick. She was smart enough to sign everything over to me in a trust before she passed. Sometimes, I still feel like she was the closest family member I've had, although she was the farthest away when it came to lineage. She had 11 children, only three showed up to her funeral. My grandfather, my Aunt Elna and my uncle J.D..

  • @TheVeggiekat
    @TheVeggiekat 2 หลายเดือนก่อน +46

    Woman I work with, her parents did the add their son (her brother) to their house since he lived with them. Then, he died before his parents. Suddenly the brother’s estranged wife, who no one had seen in about 5 years, popped up and wanted her inheritance. Probate court supported her claim and she was granted half of the parent’s house. My co-worker is scrambling with her parents to find a way to reasonably buy her out but she wants the property sold and to get half that way since it’ll be a lot more money than co-worker can afford. It’s looking like the parents are going to lose their home and won’t be able to buy anything comparable since they’re only getting half the proceeds. Plus, even if they could get a new mortgage for a new house they’re losing a paid off house they’ve lived in since the 1960’s.

    • @widehotep9257
      @widehotep9257 2 หลายเดือนก่อน

      Parasite woman.

    • @jordanwhite5470
      @jordanwhite5470 หลายเดือนก่อน +10

      The parents need a better lawyer.

    • @ChadVanryn
      @ChadVanryn หลายเดือนก่อน +9

      I'd get a bull dozer and a welder

    • @xephael3485
      @xephael3485 หลายเดือนก่อน +8

      If he was just a tenant with the right of survivorship, and he didn't survive; there's no probate. what the hell are you talking about?

    • @Pulapaws
      @Pulapaws หลายเดือนก่อน

      @@xephael3485i believe his coworker lying to him, or don’t understand the real story. Sounds more like they put the home up from some debt they owned as collateral to something that they co-signed on.

  • @sandrafreeman515
    @sandrafreeman515 2 หลายเดือนก่อน +48

    Have a transfer on death deed drawn up. It should work in most, if not all, states, but check with a local attorney to be certain.

    • @Dbb27
      @Dbb27 2 หลายเดือนก่อน +5

      That’s what I have on ny properties. Aka a Ladybird Deed. No probate and you have full control over the deed.

    • @yakovbrod9992
      @yakovbrod9992 หลายเดือนก่อน

      @@Dbb27 how is that different from this situation?

  • @ourv9603
    @ourv9603 2 หลายเดือนก่อน +29

    My Grandmother & my wifes Grandmother both made the same mistake.
    Both Grandmothers willed their home to all 3 kids. And in both case, one
    of the kids tried to aquire the home for themselves & screw thier siblings
    out of thier share. Both cases had to go to court and in both case both of
    the preciding judges ruled that both homes had to be sold & the proceeds
    be distributed equally amongst the 3. DUH. Common sense would tell us
    that.
    !

  • @Marynicole830
    @Marynicole830 2 หลายเดือนก่อน +10

    What if the child lives with the owner? So it’s the primary residence of both joint owners.

  • @onenikkione
    @onenikkione 2 หลายเดือนก่อน +19

    In our case, our daughter lives in the house, is on the mortgage, and she makes 1/2 of the house payment. Different than each example he discussed.

    • @user-uz8sn1qv8y
      @user-uz8sn1qv8y หลายเดือนก่อน +2

      me too, two sons on the deed as 'owners', we each pay one third of all bills to live here. i am thinking of giving in to the 'system' and hiring a lawyer to check all the paperwork tho. the bank takes the entire payment out of my checking account, so i have no proof that they are paying!

  • @widehotep9257
    @widehotep9257 2 หลายเดือนก่อน +12

    Only seven states plus D.C. have 100% homestead exemptions (these prevent liens and forcing you to sell your home to pay creditors). All other states have smaller homestead exemptions, like Wisconsin's $75,000 exemption.

    • @silkroad1201
      @silkroad1201 หลายเดือนก่อน +2

      Not surprised in DC. Politicians will do anything to protect themsleves from the laws they pass

    • @widehotep9257
      @widehotep9257 หลายเดือนก่อน +4

      In case you're interested: South Dakota, Iowa, Kansas, Arkansas, Texas, Florida, Oklahoma, and Washington, D.C.

  • @russs250
    @russs250 หลายเดือนก่อน +3

    Like I’ve said, the government is your worst enemy.

  • @langreeves6419
    @langreeves6419 2 หลายเดือนก่อน +8

    What are the better options
    If I have to go into a nursing home and I haven't given my house to my daughter yet.Then my state will steal the house when I die to pay outstanding fees for nursing home.
    You have to give the house to someone five years before you end up in a nursing home.
    I hope I don't end up with dementia like my father but it is partially hereditary.

  • @jimb7816
    @jimb7816 2 หลายเดือนก่อน +28

    People you better start speaking out before we are all standing in bread lines

    • @AmericanStuff2024
      @AmericanStuff2024 หลายเดือนก่อน

      Jimb: Food banks are very common in communities where compassionate, affluent people live. In communities where there are affluent people CARE, people who visit food banks are treated with respect and courtesy.
      If that is not what happens in a community, one should seek out a less selfish, less self absorbed, or less overworked community.
      If a community lacks free concerts, an excellent public library with paid staff, parks, a public pool with public showers, a senior nutrition lunch program, a good bank, it is not a fit place to spend your life, raise a family, or retire. If your community lacks a volunteer base and lacks talented organizers, living there is going to be far harder than necessary.
      If the educated and affluent don't care about community conditions, the working class will continually struggle from neglect of civic services.
      If the well to do throw away their previous year's wardrobe rather than having an organizing a free or low cost recycling center, that is also a Red flag.
      If the only 'amenities' available in your community are controlled by businesses or religious institutions, expect tribalism in the community social structure. Such communities intentionally perpetuate in groups and out groups.

    • @ISureDont
      @ISureDont หลายเดือนก่อน

      You described everywhere I’ve ever lived as an undesirable place. The library is the only thing still open miraculously. Pools have been shut down. Parks have been neglected. There’s no sidewalks. Crappy banks.
      Poverty is systemic. Oligarchies can’t exist without a lower laboring class. Capitalism is not a zero sum game and they keep trying to convince us it is.
      We’re one of the only industrialized nations where working hard your whole life gets you to the same place as your parents or slightly worse.
      Yet we still refuse to open our eyes and work together. Americans retirement funds amount to as much as the top six banks. I think 6 trillion. Might’ve been 3. Yet we let them use it to buy everything around us just to rent it back.

    • @user-uz8sn1qv8y
      @user-uz8sn1qv8y หลายเดือนก่อน

      @@AmericanStuff2024 really? i have rarely been treated with 'compassion' by others, and you are just silly if you think the poor can move to 'less selfish etc' communities! most of the time residents have no clue until it's needed in their lives what may be available to help them. you dont get to 'move and find better resources! your ideas are just mind-boggling!!

  • @KennONeal
    @KennONeal 2 หลายเดือนก่อน +5

    No matter what, you live there, transfer your mail there as soon you can, and don't volunteer information. If they don't know it, too bad. Don't volunteer anything. Transfer the house and move on.

  • @HeavenlyLights
    @HeavenlyLights 2 หลายเดือนก่อน +11

    0:46 Homestead Protection against creditors.

  • @scruffy7443
    @scruffy7443 2 หลายเดือนก่อน +6

    Put the house on a trust.

  • @galaxiedance3135
    @galaxiedance3135 2 หลายเดือนก่อน +5

    Good video. I'm in Canada but still.. it opened my eyes to how many issues there can be. Thank you!

  • @flying1dead155
    @flying1dead155 2 หลายเดือนก่อน +3

    And this is why i told the courts to piss of when they wanted me for jurry duty these laws do nothing but punish the average legal citezen and it sickens me .

  • @stevenkaskus6173
    @stevenkaskus6173 หลายเดือนก่อน +1

    Thanks for the advice, very informative

  • @ronaldmartino2610
    @ronaldmartino2610 2 หลายเดือนก่อน +2

    Way too much good news. Thanks.

  • @HeidiRobinson-ft7vl
    @HeidiRobinson-ft7vl 4 วันที่ผ่านมา

    Thank you for this video.

  • @bobjacobson858
    @bobjacobson858 2 หลายเดือนก่อน +4

    This reminds of when my father wanted to give me some of the stock my parents had received some 50 years earlier. I was told that this was a very poor idea, because if I wanted to sell the stock, I would be hit by taxes on the appreciation over half a century--but if I inherited it instead, I would only have to pay taxes on any appreciation between my parents' death and when I sold it. We chose the latter route, and although my mother died during the stock market "dip" during the COVID period during spring of 2020 (although not from COVID herself), and I had to pay taxes on the gain after the stock regained what it had lost--but still much less than it would have been if it had gifted/transferred earlier. As for their house, we just sold it to their next-door neighbor--a very simple process.

  • @kimmykingslanddecarvajal4261
    @kimmykingslanddecarvajal4261 2 หลายเดือนก่อน +6

    I put half the money up to buy my mom's home so thats why my name is on it. I plan to live with her at some point but...just not yet. I needed to be sure she is housed. I usually get the short stick in life (taxes, etc) but...I dont think it is an absolute 100% no, never ever do it. Im not rich either

  • @stevenkaskus6173
    @stevenkaskus6173 หลายเดือนก่อน +2

    Most of these issues I hear about and see are from those states that rely on attorneys to draw up the real estate contracts etc... I lived in California and now in Colorado where we use in both those states mortgage companies, they handle the property search for clear title and any encumbrances and the title title listing for the property. Not to say no issues arise but I Think far less issues happen with using mortgage companies than attorneys.

  • @robertdale2642
    @robertdale2642 หลายเดือนก่อน +7

    Government has no place in home ownership. This country has gone insane.

  • @49leobear
    @49leobear 2 หลายเดือนก่อน +17

    I have listened to many videos on this subject. You gave much more comprehensive and important information than any of the other law firms have provided. Thanks such.

  • @CrispyGrey
    @CrispyGrey หลายเดือนก่อน +1

    A politician never saw a tax they didn't love.

  • @hornbaker
    @hornbaker หลายเดือนก่อน +1

    Interesting discussion about the pitfalls, but not the solutions. Like beneficiary deeds (where available) and trusts, both of which get the step-up in tax basis for inheritance without the reporting of a lifetime gift.

  • @S.A.1
    @S.A.1 2 หลายเดือนก่อน +2

    Transfer on Death deed in my State.

  • @white_dragoon_x
    @white_dragoon_x หลายเดือนก่อน +1

    If i wanted to gift my house to one of my kids i would just sell it to them for $20 and go through the closing process so they would probably have to at least pay 2k to have the house in their name but the tax on it would be insignificant. It doesn't matter if the house has a value of 2 million dollars or not. You can sell what is yours for any amount of money you so choose.

  • @crazyburkey3677
    @crazyburkey3677 2 หลายเดือนก่อน

    I don't know, but it usually depends on how long the deed was changed, my parents put me on their deed, years before they passed away, but that was back in 1999, and in Ohio, not every state is the same...
    I was living in the same house with them to, I'm the only child, and there's no one else to care for them, when they were in poor health

  • @user78405
    @user78405 หลายเดือนก่อน +1

    good thing my father gave his house to my mother and me, since i allow my brother stay with us for free after my father death from illness.. the house is all paid for.. I just hope texas governor kept his bargain to rid entire property tax altogether. Castle law is very popular...i owned my land and owned my house. Not the state

  • @tedlogan4867
    @tedlogan4867 2 หลายเดือนก่อน +2

    What about trusts?

  • @memeoti6266
    @memeoti6266 2 หลายเดือนก่อน +1

    Whats more, capital gains or inheritance tax?

  • @nythwolf
    @nythwolf 2 หลายเดือนก่อน

    So my mother has a house in another state and she rents it out but wants to put me on a deed so if anything happens I can make decisions, but we also want to do a revocable trust(?) so that I a good idea

  • @d.e.c1609
    @d.e.c1609 หลายเดือนก่อน

    Sorry!... It's TRUE!...

  • @patrickcowan8701
    @patrickcowan8701 หลายเดือนก่อน +1

    Damned laws and lawyers.

  • @arcadealchemist
    @arcadealchemist 2 หลายเดือนก่อน +2

    leave the house in trust with beneficiaries that are Given regency over the property as long as they meet a requirement and then have transfer of Trust beneficiaries |
    Idk but honestly i think Stealing a families inheretence is trashy but also protecting your property from being stolen by family memebers

  • @bradleyw3771
    @bradleyw3771 2 หลายเดือนก่อน +5

    How about typing up a brief letter, signed and notarized stating, That upon Your death, Your house as listed in letter, and whatever else listed in letter goes directly to, Whomever you list in the letter. then take this letter to Your local county reorder of Deeds and have this letter recorded along with Your house Deed????

    • @liamstone3437
      @liamstone3437 2 หลายเดือนก่อน +2

      What you described is a will. It will not be recorded by title authorities as it is not a transfer of title (not yet). The best you could hope for in your case would be that a probate court would treat that attempt as a legal will so just start there. Or follow some other advice to avoid problems.

    • @DJRenee
      @DJRenee 2 หลายเดือนก่อน +1

      No
      That's stupid anyway. Just do a trust and making it easy

    • @bradleyw3771
      @bradleyw3771 2 หลายเดือนก่อน

      @@liamstone3437 it will be recorded.

    • @bradleyw3771
      @bradleyw3771 2 หลายเดือนก่อน +1

      @@DJRenee it works, only attorneys don't get their cut

  • @ginger6582
    @ginger6582 หลายเดือนก่อน

    If you put the house in a trust, make sure you fund your home with the clerk of courts as being in a trust or it won't stand. Just another way of having to pay more money.

  • @frankroper3274
    @frankroper3274 2 หลายเดือนก่อน +9

    This is off topic but when I was a kid landlords sometimes would not rent to people with children. It was perfectly legal at that time.

    • @ZeginMakesMusic
      @ZeginMakesMusic 2 หลายเดือนก่อน

      They still do this in KY. NO KIDS on the ads for rentals. Even though you are not allowed to discriminate against age. You'd need to sue to enforce it because no one out there really cares.

    • @Dbb27
      @Dbb27 2 หลายเดือนก่อน +2

      Condos used to be able to be for over 18 only but that changed. Now they are 55 and older and have lost value. Should have been 45 or older.

  • @ChubbiBun
    @ChubbiBun หลายเดือนก่อน +1

    I actually trusted the professionals in charge of running things and thought there was no dishonesty in the mouths of these well-paid men. I even thought the police were honest, and they served and protected……….
    Then I grew up 😒

  • @TheCSRTech
    @TheCSRTech 2 หลายเดือนก่อน +6

    No discussion of the Lady Bird deed?

    • @Freekygrandma
      @Freekygrandma 2 หลายเดือนก่อน +3

      Exactly!! 😂😭 These lawyers are such scam artists. You could do a Ladybird Deed in a handful of states and a Transfer on Death Deed in the rest. Save your lawyer fees. Do some research people. A very simple process. Caveat: Discuss with an attorney if it right for your situation but get the form and file it in your county’s registered office deeds yourself and save hundreds if not thousands.

  • @green8718
    @green8718 หลายเดือนก่อน

    How does it work if the house is held in a revocable trust?

  • @ddb5736
    @ddb5736 2 หลายเดือนก่อน +4

    Stop being complicated. You give the house as a gift and you put it towards your lifetime gift exception which is over 12 million dollars and be done with it. Unless you are multimillionaire, you will never reach that limit, so you can gift a lot of things to your family and friends. What happens after that is their problem, not yours.

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 2 หลายเดือนก่อน +6

      If u care about ur kids, u ll do what’s best for them
      Not easiest for u

  • @ATLsCocoaDulce
    @ATLsCocoaDulce 2 หลายเดือนก่อน +7

    Link to homestead protection plan please? Also, something’s wrong with the first link in description. Mom named me as POA & she’s leaving everything to me, but I didn’t know about more paperwork for homestead property tax exemptions, etc. I have more work to do, I see. Where to start? Already have will. Thanks for info 🙏🏾

    • @oliverheaviside2539
      @oliverheaviside2539 2 หลายเดือนก่อน +1

      Where I live, homestead is a one page deal, sign, notarize and file with the county. Google your county’s tax assessor to get the form. They can usually be downloaded. One afternoon, done.

    • @prograntsproposals424
      @prograntsproposals424 2 หลายเดือนก่อน +3

      Get a trust or do like he said....joint tenants...no will needed.....no taxes.

    • @ATLsCocoaDulce
      @ATLsCocoaDulce 2 หลายเดือนก่อน

      @@oliverheaviside2539 Thanks so much. Downloading now 🙏🏾

    • @ATLsCocoaDulce
      @ATLsCocoaDulce 2 หลายเดือนก่อน

      @@prograntsproposals424 that sounds like a winner. I’m on my CPU now. Thank you 😊.

    • @oliverheaviside2539
      @oliverheaviside2539 2 หลายเดือนก่อน

      @@ATLsCocoaDulce You are welcome. Best wishes!

  • @CatieKatieCo
    @CatieKatieCo หลายเดือนก่อน +1

    how do you get the homestead thing on your house?

    • @rosesarered3904
      @rosesarered3904 หลายเดือนก่อน

      your local county tax office

  • @DeniseFriendo
    @DeniseFriendo หลายเดือนก่อน

    Sounds fair as long as we can move into politicians and bankers homes.

  • @rpkelly3825
    @rpkelly3825 หลายเดือนก่อน

    Something he didn't' mention is if you gift your child a portion of your home and the child goes bankrupt (or defaults on some other loan)... the child's portion of the house can be seized.

  • @gostevie1
    @gostevie1 หลายเดือนก่อน

    Capital Gains is only exempt up to a certain amount, correct?

  • @claudettealexander5204
    @claudettealexander5204 หลายเดือนก่อน

    I put my husband on the house application can I make a will and leave my portion to my children when I pass away?
    Thanks for your reply

  • @lilpandanesegirl
    @lilpandanesegirl 2 หลายเดือนก่อน +7

    I'm 37 and live with my parents. its all good. LOL

    • @rkdbaj
      @rkdbaj 2 หลายเดือนก่อน +2

      36 and live with parents but have full time trucker job and can't afford to move out

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 หลายเดือนก่อน +5

      @@rkdbaj Sounds about right with the state of the world. I'm 34 I take care of a parent 24/7 unpaid. Not allowed to ever work until my 40s probably by law. I will work until I die when I finally am allowed to. I will most likely not ever get to actually live my life before I die in reality.

    • @YourCapyBro_windows95_3DPipes
      @YourCapyBro_windows95_3DPipes 2 หลายเดือนก่อน

      @@user-gz4ve8mw9l who's not allowing you to work?

    • @YourCapyBro_windows95_3DPipes
      @YourCapyBro_windows95_3DPipes 2 หลายเดือนก่อน +2

      @@rkdbaj nothing wrong living with family. Especially when everyone has their own money.

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 หลายเดือนก่อน

      @@aaronkerrigan241 I have to take care of a parent 24/7 unpaid. Even with state help in the house they require me to be on call 24/7 if a worker doesn't show up. I'm only allowed 20 hours a week to leave the house. Filial laws in the state I live in are draconian if I refuse to obey they've threatened to send me to prison for trying to work more. I'm required to do this until my early to mid 40s. I receive about 20 phone calls a day, dozens of texts. Having to deal with countless issues or troubleshooting of people complaining to me. I hate it it's driving me nuts. I already sacrificed an entire 1.5 years unpaid and an entire career path to take care of an elderly parent. This is with Medicaid, Medicare, a wrap around insurance plan, and a government exemption in place.
      I already tried working for those 20 hours once. Which is ridiculous as it isn't sufficient. Nor can I go back to school, or change career paths with just 20 hours a week. I got called by the government ordering me to return to the house asap 120 miles away on a Sunday night. A state worker never showed up last week. I had to spend 80 hours straight ordered to stay awake and care for my parent. Completely unpaid, and not legally permitted to sleep. Suffice to say even trying to work within their rules is impossible based off that.
      I'm physically and mentally fatigued to the point I'm about to just pass out. Yet the stress keeps me up even when I try and find time to sleep. How is any of this legal? Why do I have to be 24/7 available even with state help finally? How the hell am I supposed to live, let alone work or anything else? Nursing homes refuse to take my parent due to my brother stealing all her money in 2022. Due to some ineligibility period for those for nearly 10 years. They tell me even IF they took her, they would take my house, and future earnings for life to pay for the nursing home... Nothing can be done during an ineligibility period, and these waivers for in home community care are worthless. Since they don't give you 24/7 care, and require you to be 24/7. While their caregivers steal, neglect, and don't show up 50% of the time. All while everyone complains to me and expects me to manage everything. All while still having to take care of someone who needs help with everything 80+hours a week.
      They need to repeal these filial laws, and remove penalty periods. Or punish the people who cause them, not the people who don't who are next of kin. My brother lives out of state, so they go after me not him. Despite he's the one who stole her money. Nothing was setup correctly, and they wouldn't let me take any alternative paths.

  • @2023Red
    @2023Red 16 วันที่ผ่านมา

    Please clarify. We live in Texas, five years ago mom owned her home free and clear. She added my name as jt tenant rights of survivership. She is alive today at 100 and has live in help for day to day life. When she passes, we are moving into this home ourselves. Do we need to do anything to the government?

  • @yvonnephillips3888
    @yvonnephillips3888 2 หลายเดือนก่อน +20

    All the intricate laws, all of them are intended to protect people from dirty liars and theives.

    • @ChesterSm-ge1hb
      @ChesterSm-ge1hb 2 หลายเดือนก่อน +21

      And to inflate an attorney’s bank account

    • @BeyondPC
      @BeyondPC 2 หลายเดือนก่อน

      The road to hell is paved with good intentions. Let me ask you this: if a fine or a fee does not get paid to the victim and instead is captured by the court is that not theft? Shouldn't the victim get compensated instead of an uninvolved cartel? Let's look at the recent cell provider data selling lawsuit - millions in fines but how much did the court pay the victims? $0. Many of these 'intricate laws' are nothing more than extortion and theft; stealing from the people to enrich the state.

    • @Sandaesa
      @Sandaesa 2 หลายเดือนก่อน +8

      State wins in all ways eventually

    • @joshmonus
      @joshmonus 2 หลายเดือนก่อน +14

      These laws are designed to protect the banks and their loans.

  • @marvindelack4483
    @marvindelack4483 2 หลายเดือนก่อน

    Wow how do I get protection if I were to get sued they can't take the house? A homestead clause?

    • @Dbb27
      @Dbb27 2 หลายเดือนก่อน +2

      Depends on whether your state has homestead protection. Not all states do.

  • @stacyhardwood5475
    @stacyhardwood5475 หลายเดือนก่อน

    My mother wants to add me to the deed, it sounds to me like that isn’t wise and I should added or gifted after the death, is that correct and how would she go about doing that?

  • @lalak2157
    @lalak2157 หลายเดือนก่อน

    If the child lives in the house as well and is put on the deed, it counts as giving them half of the value, is that counted as an asset or as income for tax and government purposes?

  • @themartdog
    @themartdog 2 หลายเดือนก่อน

    What if I actually do live with my parent though, and it legitimately is my main residence too?

    • @Winstonrodney6989
      @Winstonrodney6989 2 หลายเดือนก่อน

      It all depends on if you plan to stay there after she passes. If yes. Go on the deed. If no let it pass to you as inheritance. You will pay less capital gains tax when you sell it.

  • @ChrisMusante
    @ChrisMusante 2 หลายเดือนก่อน

    So in a marriage... better if only one person owns the house - correct?

  • @joejojo5966
    @joejojo5966 2 หลายเดือนก่อน

    can family members pay for a home together and own it together? if yes, if there was a death would the remaining 3 owners retain control?

  • @nrfnrd
    @nrfnrd 2 หลายเดือนก่อน

    😢😢😢

  • @henryromero6424
    @henryromero6424 2 หลายเดือนก่อน +3

    How can I home stead my house. What forms do it need

    • @Dbb27
      @Dbb27 2 หลายเดือนก่อน +1

      You contact the county you live in. Go to their office and they will help you with an application. Not all States have homestead protections.

  • @stevend8785
    @stevend8785 2 หลายเดือนก่อน +2

    If you do nothing, a very likely scenario is it will be sold to pay for your nursing home expenses and your equity consumed at a rate of $60,000 a year. You could buy LTC insurance if you’re still healthy enough to be eligible (I’m not). You could also do an irrevocable trust, but I’m not sure that’s a great option either.

    • @seanski222
      @seanski222 หลายเดือนก่อน

      Here's a wakeup for everyone: My Aunt had LTC insurance, which ran out after a certain number of years (5 in her case). After that, we were on our own to cover everything. That's why we always "read the fine print".

  • @eric.1948
    @eric.1948 2 หลายเดือนก่อน +1

    People dont understand civlizations. You need to look at the big picture. If you can't or won't then your opinions are not valid. That's an unsettling truth but it is true. Pay more attention to how your system works.And what the flaws are then try to address them.

  • @karma4872
    @karma4872 หลายเดือนก่อน

    It’s sad. Even if you paid it off, you still don’t own it cuz you still pay those damn property taxes

  • @jordanwhite5470
    @jordanwhite5470 หลายเดือนก่อน +1

    So, if you add a child to your house AND they live in that house, problem solved, right?

  • @5stardave
    @5stardave 2 หลายเดือนก่อน +2

    What if the child does live there with their elderly parent?

    • @WanderingStil
      @WanderingStil 2 หลายเดือนก่อน

      I believe he explained living in it for 2 of the past 5 yrs makes it a homestead. Not capital gains tax or forfeiture on homestead property.

  • @petepisz2407
    @petepisz2407 2 หลายเดือนก่อน +4

    We have a will. How do we get the deed to our house? it has been paid off several years ago.

    • @GodsSparrowSpeaks
      @GodsSparrowSpeaks 2 หลายเดือนก่อน +3

      You paid off your house and don’t have the Deed?!? Yikes!
      Get that ASAP!!!

    • @sandrafreeman515
      @sandrafreeman515 2 หลายเดือนก่อน +3

      Go to your local courthouse and speak with one of the clerks there. Deeds are available to anyone at, if memory serves, the circuit clerk. If not, the circuit clerk should know who to direct you to.

    • @branthonkanen8681
      @branthonkanen8681 2 หลายเดือนก่อน +5

      Your last mortgage payment with the bank should have triggered the deed Coming to you.

    • @JohnSmith-db2oc
      @JohnSmith-db2oc 2 หลายเดือนก่อน +4

      Then you learn.... they will never never give you the actual deed. Certificate of deed, certified copy of a deed, etc. Because you never own it. You are still a permanent debtor to the deed holder... the government.

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 หลายเดือนก่อน +2

      @@JohnSmith-db2oc No allodial title, means the government forever owns the home you are correct. You have to keep paying property taxes for life.

  • @HeidiRobinson-ft7vl
    @HeidiRobinson-ft7vl 4 วันที่ผ่านมา

    This is applicable in all 50 USA States?

  • @user-cv4ew3yl5m
    @user-cv4ew3yl5m 2 หลายเดือนก่อน

    What is the better solution ?

  • @zenastronomy
    @zenastronomy 2 หลายเดือนก่อน +1

    this usa law?

  • @nrfnrd
    @nrfnrd 2 หลายเดือนก่อน

    😢😢😢😢

  • @imwatching2320
    @imwatching2320 2 หลายเดือนก่อน +2

    What state are you in? Different states have different laws.

    • @GDuncan8002
      @GDuncan8002 หลายเดือนก่อน

      Exactly. That should have been the first thing he said.

  • @margobeltre5482
    @margobeltre5482 2 หลายเดือนก่อน

    It’s best to move to states that have no capital gain
    Law needs to be changed

  • @William0271
    @William0271 หลายเดือนก่อน

    So give them 1/10th of the house each year?

  • @ZeginMakesMusic
    @ZeginMakesMusic 2 หลายเดือนก่อน

    ok...why wouldn't the child live in the house again? I am so confused.

  • @soccersprint
    @soccersprint หลายเดือนก่อน +1

    I recommend putting your kids name on the title as a joint owner / joint tenant ( survivorship). That eliminates all the foolishness and excess unnecessary expens and goverment schemes and loophole problems for your kid. All the stuff this guy talked about is the rare "What if" foolishness.

    • @SweetStuffOnMonarchLane
      @SweetStuffOnMonarchLane หลายเดือนก่อน +1

      But what if your kid files bankruptcy or gets sued for something?

    • @soccersprint
      @soccersprint หลายเดือนก่อน

      @@SweetStuffOnMonarchLane Too many "what ifs". Just raise your kids right. lol

    • @SweetStuffOnMonarchLane
      @SweetStuffOnMonarchLane หลายเดือนก่อน

      @soccersprint I don't have children myself, but I doubt anyone would _think_ that something like those things would happen with their kids... but they do.

  • @teresawingbermuehle4212
    @teresawingbermuehle4212 2 หลายเดือนก่อน +2

    Im married but my husband bought a house and my name isnt on the loan , so if he would pass does the house become mine or can he give it to someone Else ? There is money owed on the home... thanks

    • @monarene44
      @monarene44 2 หลายเดือนก่อน +1

      In Florida you would be entitled to 30% of your husband’s estate which could include proceeds from the sale of the property. Laws vary by state. In other states it could go to probate with debts settled first, possible claims by children or other relatives, and court fees. Consult an attorney.

    • @morrismonet3554
      @morrismonet3554 2 หลายเดือนก่อน +3

      Signing for a loan does not automatically give you property rights. Only liability.

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 2 หลายเดือนก่อน +2

      Ur name should be on deed regardless
      Did u have to sign at closing?
      Put the deed in both ur names, if not
      The mortgage can stay in his only

  • @TinyGoHomes
    @TinyGoHomes 2 หลายเดือนก่อน

    I don’t pay taxes lol

  • @ramblingfool9220
    @ramblingfool9220 หลายเดือนก่อน

    my English is so bad. I thought from the title that have a bad kid you will lose your house.

  • @lilolmecj
    @lilolmecj 2 หลายเดือนก่อน

    Nope, nope, nope!

  • @0011peace
    @0011peace 2 หลายเดือนก่อน

    SO can your daughter My dad did that for me he put a house he didn't live in and he actually later put it in my name for Homestead tax reduction, So gie the hous tytoi yuour xc child on land contract whre they rent to own.

  • @MrEjohnston
    @MrEjohnston 29 วันที่ผ่านมา

    Quit claim deed.

  • @jasonmartinez3161
    @jasonmartinez3161 2 หลายเดือนก่อน +1

    My father just put me on the deed on his house that is paid for. I also live here and have for the last 10 years. Will that qualify for no probate?

    • @Dbb27
      @Dbb27 2 หลายเดือนก่อน

      Only if it states right of survivorship on the deed. Otherwise you’re tenants in common and you each own half. If you have siblings and he has no wife they would be the next of kin and own an equal share with you on the other half. Hopefully he didn’t write it up himself? I have seen waaay too many people screw up their deeds.

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 2 หลายเดือนก่อน

      Google it
      Basic question
      Google is ur friend
      Lawyers are not
      Unless u have lot$ of $$$$$

  • @jesserast7631
    @jesserast7631 2 หลายเดือนก่อน

    Sir I think you are grossly mistaken..
    If I put someone on my deed,
    And that someone has legal issues; ie
    are being sued , demand for payment etc
    That creditor CAN NOT take my house.
    Regardless if ONE of the owners owes that creditor money, *UNLESS* ALL the owners of the house also ALL owe said creditor and are ALL included on the same creditor account issue and judgment.
    Otherwise, they can't touch it. The creditor can only go after the sole property of the debtor.

  • @JohnSmith-db2oc
    @JohnSmith-db2oc 2 หลายเดือนก่อน +1

    Sell it in us minted gold eagles. Tax exempt. Problem solved.

  • @mathisnotforthefaintofheart
    @mathisnotforthefaintofheart 2 หลายเดือนก่อน

    Money is a good slave but a bad master

  • @alejandromedrano316
    @alejandromedrano316 2 หลายเดือนก่อน +2

    Be decent stop corruption

  • @RicharFarr
    @RicharFarr หลายเดือนก่อน

    NO MORE INFLUENCERS!!! Let the influencers eat cake

  • @markstack2309
    @markstack2309 2 หลายเดือนก่อน +2

    It figures the blue state are wacked

  • @sparkykitty6870
    @sparkykitty6870 2 หลายเดือนก่อน +1

    What's the email address?

  • @melascension494
    @melascension494 2 หลายเดือนก่อน +2

    But squatters get to live in your house for free…

  • @coolgranddad5430
    @coolgranddad5430 2 หลายเดือนก่อน +13

    Don't do it. I used to be a financial advisor and I can't tell you how many times I've seen a child put on the deed with a parent, and lo and behold, there's a falling out, this or that happens, and sadly it usually ends in the parent being kicked out of the house. As crazy as that sounds, that's what I saw repeatedly. Leave the kids your house when you die, that way you live in it and enjoy it, once you're gone, if they have to pay a bit of tax, tough. Tell them to pay it, take over the house and life moves on.

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 หลายเดือนก่อน

      Most people who aren't rich and live an average lifespan end up on medicaid before death. Meaning 8/10 times the house is subject to the estate recovery laws. Meaning the nursing home, or other wealthcare, or federal government confiscates the house on death instead...

    • @LuckyCharms777
      @LuckyCharms777 2 หลายเดือนก่อน +2

      Agree, parents need to look out for their own interests. And so what if the kids have to pay taxes, they’re getting a fricking house for free, they’re still way ahead financially.

    • @jesserast7631
      @jesserast7631 2 หลายเดือนก่อน

      Trust

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 2 หลายเดือนก่อน +1

      Put it in a trust

    • @coolgranddad5430
      @coolgranddad5430 2 หลายเดือนก่อน +6

      @@YeshuaKingMessiah I tried many times, kids always objected so it never happened.
      One time it was a nephew who looked after her, he thought he could fool me. After a brief inspection I easily discovered he had somehow, someway (corrupt attorney?) taken over title of the house plus she thought she had about $800,000 in investments. Sorry, he had raided that, she only had about $50,000 left plus the house was heavily mortgaged.
      I called him out on it as I saw the police walking up to my office front door (had my secretary call them), poor woman lost virtually everything.
      Heartbreaking scenes I witnessed is one reason I left the dealing with the public aspect, too many crooks!

  • @alvisjenkins1305
    @alvisjenkins1305 2 หลายเดือนก่อน

    Capitol gains tax is only possibly owed by persons who are federally employed in a trade or business with the United States. This man does not understand 26 United States Code.

  • @jerrebrasfield4231
    @jerrebrasfield4231 2 หลายเดือนก่อน

    You know family members have an interest in the house simply be being decendents, right?

    • @dianeschuloff3836
      @dianeschuloff3836 หลายเดือนก่อน +1

      Not if their not named in the will,or named and excluded

  • @nash9229
    @nash9229 2 หลายเดือนก่อน

    Dont want a kid to aquire ur house or want to keep your dreams going.....dont have kids.....people still dont get it....materialistic shit changes ppl

    • @imzjustplayin
      @imzjustplayin 2 หลายเดือนก่อน

      Money doesn't change people, it just shows them for who they really are. Money is a multiplier.