Many retirees want to pass property to loved ones—whether it’s a family home, vacation cabin, or investment real estate. It’s a gesture of love and legacy, meant to support children or simplify estate planning. But without careful planning, that transfer can come with a hefty tax bill. Capital gains, gift taxes, and reassessed property values can turn a generous act into a financial burden. Understanding how to transfer property without triggering unnecessary taxes is essential for protecting both your assets and your intentions.
