318 \\ Why Your “Generosity” Could Trigger a Massive Tax Bill for Your Kids
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Many business owners want to help their kids, but some moves can backfire. In this episode, you’ll learn why giving your home to your children while you’re still alive can cause huge tax problems. You’ll hear real stories from women entrepreneurs who meant well but ended up creating big tax bills for their families. We break down how the step-up in basis works, why timing matters, and what smart strategies can protect your legacy. You’ll also learn how tools like trusts can keep your home safe and help with tax planning. This is simple, clear finance advice any business owner can use right away. If you want to make better money decisions and protect the future you’re building, this episode will help you understand what to do next. Listen now so you don’t make a mistake that could cost your family thousands.
Next Steps:
💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense!
☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call
📧 Questions? Email Me at hello@phillipsbusinessgroup.com
👩💼 Join My Private Facebook Group: Tax & Wealth Strategies for Women Entrepreneurs 📲