2169: [Part 2] Transferring a Primary Residence to Children by Sean Mullaney

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🗓️ 14 January 2023

⏱️ 9 minutes

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Summary

Sean Mullaney of FI Tax Guy talks about transferring a primary residence to children. This is part 2 of 2. Episode 2169: [Part 2] Transferring a Primary Residence to Children by Sean Mullaney Sean Mullaney is a financial planner and the President of Mullaney Financial & Tax, Inc. Mullaney Financial & Tax, Inc. offers fiduciary, fee-only, hourly, and advice-only financial planning. Sean established Mullaney Financial & Tax, Inc. after a lengthy career in public accounting. He worked in the tax departments of both Deloitte & Touche and PwC, including over 6 years in PwC’s Washington National Tax Services practice. Sean is a Certified Public Accountant licensed in California and Virginia. He is a member of the American Institute of Certified Public Accountants and an associate member of the National Association of Personal Financial Advisors. Sean has degrees in accounting, law, and taxation and a certificate in financial planning. The original post is located here: https://fitaxguy.com/transferring-a-primary-residence-to-children/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by London Business School.
0:03.8	Looking to accelerate your business, or understand the opportunities in AI or ESG,
0:08.8	are you thinking about taking the plunge into entrepreneurship,
0:11.8	or about what leadership skills will take you to the next level?
0:15.0	To listen to the latest insights and discussion from LBS faculty,
0:18.6	subject experts and industry insiders,
0:21.4	look for podcasts from London Business School.
0:23.8	Navigate the now and be prepared for what's next with London Business School.
0:30.2	This is Optimal Finance Daily Episode 2169.
0:34.4	Transferring a primary residence to children,
0:37.2	Part 2, by Sean Mulaney of 5TaxGuy.com
0:41.4	and I'm your host and personal finance enthusiast, Diana Mariam.
0:45.4	Today's post is actually a continuation from yesterday,
0:48.8	so if you're new here, it'd be best to listen to yesterday's episode first.
0:53.2	But if you're all caught up, let's hear Part 2 and continue optimizing your life.
1:00.6	Transferring a primary residence to children,
1:05.4	Part 2, by Sean Mulaney of 5TaxGuy.com
1:10.8	Other problems with joint tenancies.
1:14.2	If the capital gains tax upon the original owner's death is an issue,
1:19.0	why not use a joint tenancy to transfer your house to your adult children?
1:23.8	Here's some of the considerations.
1:26.6	Capital gains tax.
	...

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