@robbie_rory — 7x breakout

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NEVER PUT YOUR HOUSE IN YOUR KID'S NAME 😳

@robbie_rory

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6.8K

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207

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149

Why it worked

The video addresses a common financial concern (home ownership and inheritance) with a clear, relatable scenario and a direct warning about potential tax consequences. The use of a split-screen format with engaging visuals and on-screen text makes the information easily digestible and shareable.

Summary

This video explains why transferring a house directly into a child's name can lead to significant capital gains tax liabilities. It advises using a living trust instead, which allows the child to inherit the property tax-free and avoid probate.

Structure

1Introduction: Never put your house in your kid's name.
2Scenario: Buying a house for $200k, now worth $1M.
3Consequence: Transferring ownership incurs $800k capital gains tax.
4Solution: Use a living trust.
5Benefit: Avoids probate and capital gains tax for the beneficiary.

Product placement

The video discusses estate planning and the use of a 'living trust' as a financial tool for transferring property. No specific product or service is named or shown.

Call to action

SAVE & SHARE FOLLOW FOR MORE 🚀

On-screen text

NEVER PUT YOUR HOUSE IN YOUR KID'S NAME 😳 NEVER transfer your Real Estate 🏡 into your kid's name!! 🤯 SAVE & SHARE FOLLOW FOR MORE 🚀 HERE'S WHY. LET'S SAY YOU HOME YEARS AGO FOR $200,000. AND NOW THE HOME IS $1 MILLION. IF YOU WERE THAT HOME INTO YOUR KID'S NAME, THEY WOULD BECOME RESPONSIBLE FOR THE $800,000 IN CAPITAL GAINS TAX, IF THEY EVER NEEDED TO SELL THE HOME IN THE FUTURE. SO INSTEAD, JUST PUT YOUR HOME INSIDE TRUST, YOUR KID AS THE SUCCESSOR BENEFICIARY. THAT WAY, AUTOMATICALLY AVOID PROBATE AND YOUR KID WILL AUTOMATICALLY RECEIVE THE HOME CAPITAL GAINS TAX-FREE.

Original caption

Never transfer your house to your kids without understanding the tax consequences. A living trust can make a big difference. 🏡 living trust / estate planning / generational wealth / asset protection #EstatePlanning #LivingTrust #GenerationalWealth #FinancialLiteracy #MoneyTok