How To Gift Your Home To Your Children

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Information How To Gift Your Home To Your Children

Title	:	How To Gift Your Home To Your Children
Lasting	:	9.50
Date of publication	:
Views	:	119 rb

For a start you cannot gift it absolutely and retain a benefitbrbrSo you already look like a charliton!
Comment from : @Guide504

This fecker can feck off you scammer, your not even in the uk
Comment from : @user-ib3lj3yy5k

It’s all very well wanting to leave our money/ house to our kids But, our children have had the benefit of a good education and our/ their parents knowledge and guidance (hopefully) They need to to find and learn to make their own way in this new world and not expect everything to be handed down to them We can’t keep moddly coddling them Our parents didn’t do this for us! Mine certainly didn’t
Comment from : @manuela4117

Hi are you still answering questions on here?
Comment from : @Blbrco

Step 1: Don’t take advice from a YouTube video Step 2: Be wary of someone who tells you how many clients they have Step 3: If you live in a home you claim isn’t yours you are creating a gift with reservation and also opening up your house to a tax called POAT, look it up The Inland Revenue will expect to see you are paying rent at a rate of at least 5 above base rate of the houses value You Step 4: Take the advice in this video with a pinch of salt Step 5: Look at the tax beneficiaries pay if they receive assets from a trust Step 6: Research how your local authority treats assets placed in trust to avoid long term care, you normally have to wait for 7 years before it leaves you estate,
Comment from : @pontecarlo4354

Once it’s in a trust do you have to report a yearly tax to the government?
Comment from : @honeybees3760

The SKI principle! Spend the kids inheritance!
Comment from : @iandale8762

…ok so after 30sec…” I am ,,,5000 clients…” , one just switched off!, no need for all these cons on social medias to try and use ordinary people s money as too naives, for becoming even more rich!,,
Comment from : @taylorrichardson850

Does a trust have a limit ?
Comment from : @alisonhowells1780

What difference and or risk does a property owner as myself and my husband ,both non British non residence in the UK, should we consider in bequething our London home,which we use as a holiday / second home , in respect of inheritance in the UK? Our children,both non residents,non British are liable to pay inheritance tax on the property in Nigeria our country of residence and citizenship, ? Have we done the right thing in putting our children down as joint owners in the title document of the property Will it stop them being tax on the property in the UK after our death I would really appreciate your advice
Comment from : @taiwotaiwo5582

Just pay your inheritance tax and stop moaning
Comment from : @Gibbo1

Never give to charity or your governmentthey steal most if your money anyway
Comment from : @IanReason

🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
Comment from : @minemutlu6853

Hello I am divorced I own my house outright , my ex wife owns her house outright we are still friends, my 33 year old son was stupid went to prison, he is out now, but he has PROCEEDS OF CRIME around £350,000 pounds, if me and my ex wife leaves him our houses or say I do the government will take iit, he is not married…any advise please I am 68 My ex is 65…I have SUBSCRIBED
Comment from : @Bereadyalways123

I AM MOM NO PROBLEM
Comment from : @elenasfait8799

"THE BATTLE OVER BRITAIN "BY PROF WALTER VEITH POWERFUL POWERFUL WATCH TRUTH ALWAYS WINS ❤
Comment from : @max-nm6qx

Why do we have to gift anything? Because of government stupid laws, laws after laws u can't even fart without VAT added to it 😮😮
Comment from : @33rdeegree

We have a WILL No Trust Funds Is that Safe leaving our Home to our children?
Comment from : @LinLamberg

Glad I don’t live in your home
Comment from : @SelinaJames

It was great video I would love to watch your other videos too 🙏🙏
Comment from : @jupitermobile6984

How much does it cost to set up?brWho would be the executor? And the beneficiary?brIs this a private trust?brOr a government one
Comment from : @aw3839

Gift it too who? Soon be compulsory to give it to an illegal immigrant
Comment from : @johnbishop2342

How can I get in touch
Comment from : @ajiunbamidele5093

How can I get in touch with
Comment from : @ajiunbamidele5093

The laws in the UK are abusive and unreasonable, the children should inherit automatically everything that belonged to their parents if not stated otherwise by them!!! In the current situation I would just sell the property for a modic price, have a proper buy sell contract with a special clause that would state that I'm the only rightful user of that property until I die, basically just to make sure that they won't sell the property until I'm still using it!!! So therefore after I died they are the new owners of the house!!!! Otherwise I won't go in to this "scheme"I wouldn't trust it!!! br⚖️⚖️⚖️⚖️👁️
Comment from : @romyhezser7630

Care is a service and should be paid for What you are doing is telling people how to scam, it is wrong
Comment from : @Lisa-Azra_Broad

What dose it coust to set a trust
Comment from : @ashiqhussain9591

Why is that bloke dresses and looks like hitlerstarmer !! Stay well away from this
Comment from : @LisaKirk-dq9ck

I have two properties put in trust one to one son second to second son I couldn’t give any thing to my elder son I don’t know what to do elder son is very sick person 😢
Comment from : @kalsoomriaz9003

Get a wll
Comment from : @michaelcleaver402

Tax become payable straight away??
Comment from : @MsTAMILIAN

Inflation is theft
Comment from : @MrMacGiollaRiabhaigh

It’s all about the Trust
Comment from : @MrMacGiollaRiabhaigh

Thank you MIke
Comment from : @MrMacGiollaRiabhaigh

Hello, my partners gran has just passed away and has left her house to my partners mam , but she doesnt want it and wants to give it to us, how can we go about doing that? Thanks, curt
Comment from : @curtisbarrett4891

Hi you sound american? Are the trust laws in america the same as the uk? Thats if your telling us about american trust laws?
Comment from : @PaulineGoundry-w8s

Be careful, some of these trusts cost thousands to set up and the same again when you need to dissolve the trust after the loved one had died Eg £600 for a “trustee” meeting, conducted via a group call Another hefty fee as they will probably, as in our case, insist on doing the legal work to get their name removed from the deeds etc etc
Comment from : @robsmith8024

chair aerobics for sender citecens 0:04 br0:04
Comment from : @GeorgeKeeber

My mums doing this she said im not paying no inheritance tax 😂 nice one mum ❤
Comment from : @chrisgowans-d8y

I'm taking the money now , notgiven it to the children
Comment from : @waynebillington4766

I have a small property portfolio and am thinking of gifting some properties to my son but not sure how to go about it
Comment from : @brianheaton2397

I assume we’d use a IIPT to prevent sideways disinheritance? Love this content btw Mike!!!
Comment from : @jordankirkbride4612

But surely putting the property into trust with children as beneficiaries whilst continuing to live within is a gift with reservation?? Unless you pay market rent or POAT)
Comment from : @jordankirkbride4612

Surviving parent wants to gift the family home to his son His son has always lived at the family home No mortgage, no money changing hands, property value way below the inheritance tax threshold No trust required, just change of name on the deeds??
Comment from : @scottlinus

I have a BTL property that I want to gift to my brother Can I do this without incurring CGT? It has a small mortgage
Comment from : @curiousjoe395

I’m not gifting my home to my kids, I’ve given them both deposits and furniture for there own homes I’m selling my home and enjoying spending it on myself A house is bricks and mortar, you can’t take it with you when you die Enjoy your life before you die, I might go rent in Spain 🤣🇬🇧
Comment from : @beverleybrown5365

I have been contemplating a trust for my child but I can’t get my head round the fact that there must be a caveat…why aren’t everyone creating trusts if it was so easy I’m horrible at admin does it require a lot of accounting work on a yearly basis?
Comment from : @jennyli7749

I am a single parent to two adult children If I leave my home in a discretionary trust, I was shocked to learn they’ll still have to pay 40 IHT on the amount above £335k and the £175k allowances I thought trusts eliminated the beneficiaries, in this case my children, paying taxes?
Comment from : @jti9040

In the UK, inheritances are usually not considered matrimonial property by the Court So it doesn't happen 'all the time' This is scaremongering Also CGT is chargeable on trust assets once sold by beneficiaries
Comment from : @williammcintyre-v6d

Sooooo how much does it cost to set up Ball park figure
Comment from : @leearmstrong3998

Can you put your house in trust before you have paid off the mortgage?
Comment from : @Dreenie

Money power is evil, greed, selfish ruins relationships
Comment from : @zahidaahmad3534

5:10 "people like to congregate" Or in this context perhaps you meant they like to conjugate? 😈
Comment from : @Dranok1

What happens if there is an outstanding property IOU and the sibling has NOT returned it?
Comment from : @kimballentyne3482

There’s a lot more too this to consider:br1 Asset preservation trusts have to be set up bearing in mind the CRAG report guidelines and supplementary additions as local authorities legal departments will challenge anything considered as deliberate deprecation of assets br2 There must be no evidence or documents relating to the avoidance of care costs in any part of the planning documents it has to be put in place for other reasons with the ancillary benefit of being exempt from long term care costsbr3 Medical records particularly GP and social services must not show any enquiries made regarding care or support or anything to indicate an anticipation of care within 12m prior to the trust being set upbr4 Remember for inheritance tax you lose the additional residential nil rate band if the property is in trust lowering for a married couple the allowance from 1million to 650kbr5 You need to fully understand the steps the trustees need to take after death along with costs for dealing with things after deathbrbrIt’s far simpler to sever any joint tenancy on the property and have wills made with a right to reside for survivor which protects at least half the house from care costs and retains IHT allowance fully and is at minimal cost
Comment from : @Xcfhkrs

What if one of ur parents is in a care home and the other parent is ok still living in there home Can you still put house in trust or is it too late
Comment from : @waynedavis5378

How does this work for foreign assets? Ie a property in another country
Comment from : @topchic7475

Hi thanks for a great video Once a trust is set up is there a 7 year rule from initial set up ?
Comment from : @ianwilliams7375

Swallow the pill and have the difficult conversation about money & assets Your future self will thank you big time!
Comment from : @MrMcfire2

Concise and informative thanks !
Comment from : @ianbennett6417

Setting up a trust fund is very complicated and expensive
Comment from : @rosemarymay3914

You need to plan everything or the state will take it A lot of my clients have now sold their homes and have got a million in the bank Renting will ensure they can spend the capital and ensure the local authorities can’t take advantage if you go into care This only applies if you are of a certain age of course brAlso ensure you have a deed of trust in place ( pre nup ) brAlso ensure you have tenants in common etc etc
Comment from : @martyndavid2094

So glad i found the channel Subscribed
Comment from : @discol76

Thank you, I hope it’s the same now 2024, and not been changed too much, worth looking into
Comment from : @corinneaggar9755

Love itPeople looking at the possibility of not losing the family home to pay care home feesbrbrDementia care home fees for my father and mother-in-law cost around £1,200 a week each but were lovely homes which took very good care of our family This of course meant their house values covered about three years of payments brbrPut the house into a trust and whoohoo, nothing to pay for care home Fine as long as you fancy spending the last few years of your life in a very basic council provided care homebrbrFriends of ours saw their mother in a council run care home for eight years so just think about that while your children enjoy the spoils of your hard work
Comment from : @fabianmckenna8197

Hi , wife transfered her share £350,000 to kids they now own half my house , i still own my share how do i stand if any of kids spouses want a a divorce
Comment from : @magnus9701

You have very much opened my eyes Thank you
Comment from : @KathyClark-l9n

Us old people should take the pills For gods sake don’t finish up in the hell of a care home Gather a good supply of pills, and wine do the world a favour and get the hell out of here
Comment from : @Lilym661

I have wills and Probate made threw a solicitor for my wife my daughter and two grandchildren age 23 and 16 I am 84 and my wife is 80 should I get a trust
Comment from : @brianyoung8818

Can you still protect your parents property against the care fees even if they have been diagnosed with Altzimers and the family has an LPA for health and well-being and also finances
Comment from : @philipmarsh6852

Brilliant presentation Thank you
Comment from : @mikeriley6073

Can you explain all the steps involved in setting up a trust please no one ever tells this important part
Comment from : @sirguyfawkes8702

Thank you for the amazing content over the last year If you ever do any 1 day workshops please do let me know Your teaching style is excellent!
Comment from : @prashphoto