Never Leave Your Kids Your House In Your Will…

These TikTok finance influencers need to go. This is simply not true and he doesn't know what he's talking about. Beneficiaries receive a step-up in cost basis on appreciated assets, regardless of whether they are held in a revocable living trust or not. So dumb.

This is not true. While a living trust will generally help you avoid probate, which is typically a good thing, you can get the same step up in basis by leaving the property in your Will.

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Not true. House gets a step up in cost basis at sale. Beneficiaries don't pay any taxes.

This is uneducated advice. See Section 1014 of the Code. Leaving in a Will (or without via intestacy) wil trigger a similar step up. Parents can also sell and take advantage of Section 121 for themselves, exempting gains. TikTok tax fail.

False! Kids can inherit, make the property their Homestead and sell after a year. No Capital gains tax

This dude has no idea what he is talking about.

You don’t need a trust to get a step up in basis. Hire a real estate planner for real advice instead of following idiots like this

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Why would they go to probate if there is a will?

Unless you are in the top 10% of people most will not need to worry about this. Inheritance tax at the fed level starts at $13.8 million. Each state has its own level but almost all are very high starting levels. Just talk with an estate lawyer and get the options best for you.