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Warranty Deed for Parents to Child with Reservation of Life Estate Virginia Form

Warranty Deed for Parents to Child with Reservation of Life Estate Virginia Form

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my name is jen ross from finance on a budget in this video we'll go over the various steps of inheriting a house and the various tax implications of doing it prematurely there are many different ways to inherit property and pay lots of taxes but there are actually ways of doing it that significantly lower your tax burdens by the end of this video you will know how to successfully take control of property and minimize the amount you're going to owe to the government be sure to give this video a like subscribe and ring the notification bell what are the tax implications of controlling a house before death if you're like me you may be thinking that you want to take control of your parents assets right now even if you're not legally bound to do so this can lead to a lot of tax obligations for you in the same way giving away your assets to your children while you're still living just gives a hefty tax burden to them if you think transferring assets no

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