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Whatever you do, do not let your parents transfer their house into your name.
Instead, do what the wealthy do.
If your parents are retiring and they tell you they want to sign the deed of the house over to you, maybe they bought the house for next to nothing back in the eighties and now it is worth $800,000, do not do it.
If they transfer it to you while they are alive, you will take their original tax basis. This means that when you eventually sell, you will have to pay capital gains tax on the entire increase in value since they bought it. The taxman does not care that it was a gift.
Here is what the wealthiest families do instead:
Step 1: Set up a revocable living trust and place the home inside it.
It keeps your parents in full control while they are alive, but sets up a smooth, private transfer later.
Step 2: Your parents should name you as the beneficiary of the trust. That way, when they pass away, the house automatically moves to you with no court involvement and no probate.
Step 3: When you inherit the house through the trust, you get a stepped-up basis. That means you only pay capital gains tax on any increase in value that occurs after they passed away, not on the huge appreciation since the 1980s.
That single move can save you over $120,000 in taxes.
That is how you pass inheritance to your children without losing a dollar to the system.
If you want to stop the government from taking a cut of your family’s hard-earned assets, follow these steps.
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Websites that feel illegal to know 👀 🌝
1. FlightRadar24
Shows live locations of airplanes. You can track specific flights.
2. 10 Minute Mail
Gives you a temporary email address. It expires after a short time.
3. Hosting Nigeria
Get extremely cheap domain names and hosting for your websites.
4. Temp-number
Gives you temporary foreign numbers for free.
5. Wayback Machine
Search a website and see how it looked in the past. Useful for finding removed content.
6. BugMeNot
Provides shared login details for some websites. Lets you access content without creating an account.
7. Whois
Lets you check who owns a website or domain name. Shows details like when it was created, who registered it, and when it expires.
8. Down For Everyone Or Just Me
Checks if a website is down. Tells if the issue is global or just you.
9. BugMeNot
Provides shared login details for some websites. Lets you access content without creating an account.
10. FutureMe
Write an email to yourself and receive it later. You choose the delivery date.
11. Remove .bg
Removes the background from images automatically.
12. WindowSwap
Shows views from windows around the world. You can switch between random locations.
13. ScanWP
Checks if a website is built with WordPress. Shows the theme and plugins the site is using.
14. Privnote
Lets you send notes that disappear after being read. The message deletes itself once opened.
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A 17-year-old lioness survived for 5 years with blindness because her daughters refused to abandon her.
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No successful traders are atheist.
Lesson in there.
English
@Hitormisssince @Sabato_Fred @TheBaldManETH @david_odu @bryanotuoma @Retweet_tablike @Honeyfarsafi So he's no more ama he's still alive until Tuesday?
What are you saying exactly? Sielewi
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@Sabato_Fred @TheBaldManETH @david_odu @bryanotuoma @Retweet_tablike @Honeyfarsafi Let's see if he will be alive by Tuesday night if he acts the same way he did 2yrs ago.
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My boy might have traveled to sayuni but he lived a complete life achieved and fulfilled his heartly desires. Such a courageous soul🙏Wantam all day.,
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Rashid Abdirazak itabidi ameacha kiburi ndio aendelee kula na kijiko immediately mtoto wetu atakuwa Women Rep, of which she will pale Mombasa County.
Atainua kifua kidogo hivi, ataambiwa na mHesh… “Nilikuambia wazi, kama kuna jambo lolote linalokukwaza uniambie wazi bila kupitia corner. Sijui kama tunaelewana Kaka?”
The presenter will hesitate momentarily before replying in very low tones, with his hands behind his back… “Sina ubaya wowote haswa. Ni clarification tu kidogo hapa na pale, Bibie!”
Filipino
@shen_ke2 @Khalid_jay_ Hello dear, Mimi nimekwama hapo kwa butthole. Fungua DM
Filipino
It’s funny how watu wanacomplain most about shooting price of fuel hawana hata baiskeli 😭😂
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Fiber retuiteado
Haha.. Good evening Shen. You have a very great long distance relationship with logic. Keep it up..
SHEN_KE ˚.🎀༘⋆@shen_ke2
It’s funny how watu wanacomplain most about shooting price of fuel hawana hata baiskeli 😭😂
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@AbagalaAli Asante sana kaka. msimamizi si mkuu balozi anahudumia utangazaji wa uhusiano kati ya Iran na Kenya na watu. Tuwe wakweli tuna watafsiri wengi.
Indonesia
Wueh! Bro, Iran dey apply safty law & regulate traffic in THEIR own territorial waters (Hormuz Strait) - following international law and all. 🌊
Then US from all the way across the globe (12k KM!) call it 'EXTORTION!' and sends navy to blockade the same waters. Maina! 🤡
It’s the "audacity" for me. 🤦🏾♂️
Maths haifanyi sana! 📉 mpesa ni ya nini kama si ya kutuma?
Who's really bullying the world? You decide. 👀👇
#HormuzStrait #InternationalLaw
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Fiber retuiteado
Every smart person I've ever met believed in putting in the hard work and going through the shit to see real results.
Every dumb fuck that I met believed the opposite. They wanted the quick win. And they wanted it now.
This taught me that everything I ever wanted needed deserving.
It needed me to stop being an entitled motherfucker and getting my sweat, blood and tears in.
It needed me to put stakes in.
It needed me to take risks.
That's what stupid motherfucker are afraid of.
Risk.
That just exposes how real you are.
Risk means nothing.
What if you lose it all?
What if it all goes south?
Fuck it we ball.
When in doubt, refer to my pinned tweet.
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@Voice_Roy Those workers ought to have demanded for a full-time psychologist in the office for counseling/therapy sessions paid by the employer
English
This statement exposes the brutal illusion of the 'Silicon Savannah.'
Meta doesn't outsource innovation to Kenya; it outsources the psychological trauma of content moderation. We aren't an AI hub; we are a digital sweatshop.
The moment these workers started unionizing and suing Meta in Kenyan courts for PTSD and labor violations, the San Francisco billionaires simply unplugged the cable.
1,108 livelihoods erased by a single email
Julians Amboko@AmbokoJH
Samasource Impact Sourcing announces redundancies affecting 1,108 employees following receipt of formal notice from Meta/Facebook to end engagement with its Nairobi office.
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@CPANjoroge_MSc @WashiraX How exactly do you sort out your clients financial choke points when you can't buy a 70/= BD newspaper for your office?
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What is happening with KRA?
KRA audited Katahira & Engineers International Limited and raised a tax demand of 140M.
Katahira went to court and won. The tax demand was killed.
You would think that is the end
KRA returned to Times Towers empty handed. Extremely angry. Swearing.
Hiyo 140M haiwezi enda hivo. Aje?
They hatched a plan. Ikaingiana perfectly.
They deployed agency notices to NCBA and Stanbic banks. With stern instructions:
- Freeze all Katahira accounts
- Sweep the money and forward to KRA
- Up to 140M
Katahira directors woke up the next morning. As usual, chai ya kazini ndio hua inabamba. So they didn't take tea at home.
At work, they tried to send money for tea. Accounts are frozen.
They thought, KRA made an error to freeze our accounts.
They served KRA and the banks with the court order that had already killed the tax.
And asked them to unfreeze the accounts.
KRA said they don’t want to see it. Wao wanataka tu 140M.
Angry and with caffeine induced headache,
Katahira ran to court again.
The court could not believe it.
It bashed KRA for disobedience of it's orders. And ordered the accounts to be unfrozen.
They were unfrozen.
Unfortunately, the court did not award legal costs to Katahira.
What is happening at KRA? And who is accountable?
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You obviously haven't reared ducks
𝕾𝖎𝖗 𝕮𝖍𝖗𝖎𝖘@eagleseyeinc
how long can birds fly non-stop without ever landing? duck - 2 secs chicken - 10 secs crow - 6 hours pigeon - 100 hours steppe eagle - 4 days albatross - 20 days black backed gull - 28 days common swift - 10 months learn something new 👍
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This never gets old: A Brief History of Philosophy.
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@The_Nyerian Guy in Xtrail realized he's being trailed by 2 ladies, akaweka gari kando😂
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Kwani Xtrail zilipata mbio?
Adelle Onyango@ADELLEO
If you're the guy driving the white car that was just hit at the junction of Thigiri Ridge Road & Redhill Road by a BLACK XTRAIL that took off, another car and I tried to chase it, we lost it near Rosslyn Riviera but here's its number plate: KCB 576M! I hope this helps! Pls RT
Polski
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