Dialogue on Deed Ownership
Hey dad, could you put my name on the deed to the new lake house?
Nope. Give me one good reason why not.
I'll give you five.
<ul>
 <li>Number five. Put your name on the deed. You own half the house and I lose control. You know I have control issues.</li>
 <li>Number four. If you die before me, the house might go to your heirs. Honestly, I do not like your children. I'm sorry, I don't.</li>
 <li>Number three. You're not a great businessman and you've already been sued multiple times. If I put your name on the deed, the house is now an asset of yours, and the creditors can take it from me.</li>
 <li>Number two. The current market value of the house is $500,000. If I put your name on it, I've just gifted you $250,000.</li>
 <li>Number one. If I give you half the house now, and I die in 20 years, we'll owe cap gains on 20 years of appreciation. If I wait and gift it to you through a trust, no cap gains taxes.</li>
</ul>
Follow Social Cap
Where did you learn all this? Just follow Social Cap. It makes complex finance seem easy.

Learn key reasons to consider before adding someone to your property deed, including tax implications and control issues, while simplifying finance through Social Cap.