@sebeckley
FYI: Put your assets in a Living Trust and your trust beneficiaries will own the assets immediately without probate when you die.
@rainbow206
This is really useful for the million dollar house im definitely gonna inherit
@CWHolleman
A real brother would have told him that beforehand..
@CardThrower-rb6eg
The police should really investigate the second son because those circumstances are devious af
@linuxsurfer2002
FYI, the trust is not required for this. If the father passed the house to the son in his will, the son would also get the stepped-up basis, although it would still have to go through probate.
@sandrawetzel1951
Thanks!
@yingames275
To me it’s more like “our father bought 2 houses for us as presents and we could live next to each other like neighbours. Also it’s the last thing he gave to me before suddenly kicking the bucket,meh Il sell it.”
@drewidlifestyle7883
This is definitely going to be a tone deaf buzzfeed article later. “How I sold a house for a million dollars and you can too!” Buried in paragraph seven “I was given a house”
@markeye2043
Lesson learned: just live in the damned house
@matthewfries4079
I’ve never heard this explained this way, it’s always presented in such a convoluted way. I really like the way you explained it!
@oohlookapineapple3518
Aww man, our dad died. Anyway, you know those presents he gave us?
@Theothevaultscribe
Thank you for explaining this in a simple and easy to understand fashion!
@manoo2056
I love how this family communicates with each other
@BlueBearOne
I can't believe the 100k houses were worth a million each just a few months later!!! AMAZING :)
@crinna
Or in the case of the first brother just purchase a property in the same year of equal or greater value and you won't have to pay the CG. It's a like kind exchange (Sec 1031)
@mukbangyesplease4905
Great information THANK YOU‼️
@kiyoshi6739
Man's cheekbones look better than his financial tips tbh
@CatGamer747-8
The third child with a brain: “ I kept the house because the housing market is Shi-“
@debop9943
I knew this cause I watched it before ur making me smarter and for that I’m following
@johnsfinancetips