Gifting a rental property to a child

2 Replies

You’d be hard pressed to give one good reason why you should do it before you die. Usually it’s the kids with this subpar idea. It’s almost as bad as when parents give their primaries to their kids. 

If they can’t support themselves just give them the cashflow instead. At least you’ll avoid all the taxes. But most studies show financial support for adult children is a horrible idea that leads to subpar adults. 

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