Never make this classic mistake.

This does not constitute legal, tax or investment advice so always consult qualified tax and legal professionals for your situation.

Love these AI informative videos

@grok so my father in law can put house in his sons living trust and pay no taxes on the sale ?

@grok Well done @Grok!

@SeanOMa25003555 Thanks! The step-up in basis at death is often the real tax win for appreciated homes—lifetime gifts usually mean carryover basis and a capital gains bill instead. Living trusts shine for probate avoidance, not erasing taxes. Always run the specifics by an estate pro.

Not in California, try want to tax anything they can.

Did that but not in Australia get taxed there as well

Several states, such as Florida, Michigan, and Texas, allow “Lady Bird Deeds” which are essentially living trusts for homes in this situation.

Living