Talk of The Villages Florida - View Single Post - Done the ladybird deed, here the details.
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Old 07-17-2025, 08:09 AM
ElDiabloJoe ElDiabloJoe is offline
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Quote:
Originally Posted by vintageogauge View Post
If you trust your son just put everything in his name now and the deal is done.
Absolutely not! Nuances and established case law rulings are why you need matters this important handled by professionals. If your son inherits when you die, not only is there ZERO tax due for the income received, the stepped up basis eliminates capital gains to him.

Putting things in his name while you are alive will cost him A LOT of money when you are gone.
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