Gifting Real Estate to Family: Smart Planning Makes All the Difference

Thinking about passing your home, cottage, or land to your children during your lifetime? While gifting real estate can be a meaningful gesture, it’s important to understand the legal and tax implications before making the move. A well-intentioned gift can sometimes trigger unintended capital gains taxes, Medicaid eligibility issues, or even family disputes. At Schuitmaker Moraitis, we work with families to weigh the pros and cons of gifting real estate versus passing it through an estate or trust. Every situation is unique, and the right strategy can protect both your legacy and your loved ones' financial future.