I'm buying my parents a home and i'm wondering whether I should include my name on the deed or just have my parents names be listed as the sole owners on the deed. Should I decide to have my parents names alone on the deed and they pass away and I inherit their home and sold it, would I be required to pay capital gains taxes, etc. Is this correct? If so, should I have my parents draft a document stating that the house will be solely pass on to me and not to my siblings (since I paid for their house)? Do my parents need to update their will or having a single document separated from the will will do? Is this correct? When can i sell the house, when the estate is finalized? Is it better to have my name listed on the deed along with my parents names? Thanks in advance for your guidance.
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