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Tn Deed Trust Form

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Instructions and help about Tn Deed Trust

keep your kids names off of the deed to your house here's why if the kid goes on the deed to the house they can sell that home or whatever portion of the home that they own do you want them doing it number two they can take out a mortgage on their portion of the home you may have worked for a very long time or very hard to pay off or pay down that mortgage now the kid can encumber that home with a mortgage the bank can foreclose on it if they don't pay the mortgage three they may lose benefits of capital gains taxes down the road because there will not be as big of a step up in basis this is a little bit of a tricky one but they are going to lose some capital gains tax benefits for in California your property taxes may go up this is a huge deal in California because home prices rise quickly and gains is based on the value of the home when there is a transfer the solution put the home in a revocable living trust

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