Transferring Assets to a Minor Child
Transferring Assets to a Minor Child
Jan 8, 2024
actec.org
How Parents Can Seamlessly Transfer Assets To Their NRI Children
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How Parents Can Seamlessly Transfer Assets To Their NRI Chil…
2.4K viewsDec 18, 2024
YouTubeAKT Associates
Don’t transfer your property directly to your kids. Here’s why! 1️⃣ You lose control Once the property is in your child’s name, you have zero ownership and no legal rights left. 2️⃣ You end up paying extra tax A direct transfer is treated like a sale, so you may have to pay capital gains tax heavy paperwork. 3️⃣ Rich families never do this Ambanis, Adanis, big business families… they don’t transfer assets directly. They create a Family Trust. 4️⃣ What a Family Trust does • Parents keep full cont
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