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1. I'VE GOT TO PASS YOUR HOUSE (TO GET TO MY HOUSE) (Lew Brown) as recorded by The Andrews Sisters with Richard Wolfe & his Orchestra 1959 I've got to pass your house To get my house, And that's what makes me blue; Just wonderin' who Is sittin' with you, And doin' the things that I used to do.
2. Let your child inherit the house. If you live in your house until your final moments, your surviving.

1. Pass By Your House Meaning
2. Will House Pass Stimulus Bill
3. Can I Pass By Your House

Four ways to pass down your family home to your children 1. Selling your home to your kids. Parents can sell their home to their children, even if the parents plan to continue. Giving your property to your kids. If you want to give your property to your kids, Six said it’s generally better. Provided to YouTube by The Orchard EnterprisesI've Got to Pass Your House Billy EckstineComplete Fourties Recordings℗ 2016 Jazz MoonReleased on: 2016-03-15.

Passed is only used as a form of the verb 'pass,' whereas past functions as a noun (the past), adjective (past times), preposition (just past), and adverb (running past). 'Past' will always have the same form regardless of the sentence construction or tense ('I went past' vs 'I will go past'), while 'passed' will be interchanged with other tenses of 'pass,' such as 'passing' and 'passes.'

Past is a very busy word. It's an adjective in 'thinking of past times'; a noun in 'the distant past'; a preposition in 'just past the post office'; and an adverb in 'walking past.'

Passed is also busy, but its role is much more limited: it's only ever a form of the verb pass, as in 'We passed the library on our way here' and 'The law hasn't been passed yet.'

Since 'passed' is just a version of the verb 'pass,' it can take the forms 'pass,' 'passes,' or 'passing' as well.

The words sound identical, though, and they occupy some of the same semantic territory, which can make it really hard to keep them straight.

If you pass a park on a drive through town and want to talk about it later you can say either of the following:

I drove past the park.

I passed the park on my drive.

The way to keep them straight is to remember that past only ever has that form, but passed is really just a version of the verb pass, so it can take the forms pass, passes, or passing as well. To see which word is the one you want, put the same sentences in the future tense and see what happens:

I will drive past the park.

I will pass the park on my drive.

Past remains unchanged, but passed changes to will pass.

Here's another example:

We went past the entrance.

We passed the entrance.

In the future tense we get:

We will go past the entrance.

We will pass the entrance.

Both words appear in idioms as well. The phrase for when someone has lost consciousness or fallen asleep is passed out:

The kids were both passed out in front of the TV.

It's the past tense of the verbal phrase pass out, which we can see clearly in the future tense:

The kids will both pass out in front of the TV.

If this pair has given you trouble in the past, we recommend you give this article a passing glance from time to time.

In summary:To keep past and passed straight, remember that past always has the same form, while passed is one of the forms of the verb pass. By putting a sentence in the future tense you can see which you want. Change 'I drive past your house' to 'I will drive past your house,' and you find that past remains the same. Change 'I passed your house' to 'I will pass your house,' and you find that passed becomes will pass.

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Happy memories of children gathering at your family home cast a sentimental spell over the process of passing property to the next generation.

But as with any other real estate transaction, it’s important to move past emotion when deciding what will happen to your abode in the future.

Whether you have a cozy vacation cottage, a palatial estate or a sophisticated condominium, drawing up a clear estate plan can ensure your property is distributed in a way that suits both you and your family’s best interests.

“The best place to start the process of passing your home onto the next generation is to have a conversation with your kids about their expectations and interests,” said Thomas Six, a wealth strategies consultant with RBC Wealth Management in San Francisco.

“If you own a vacation home and plan to pass it on, make sure they really want it. If it’s an investment property that has renters in it, ask them if they want to take on the responsibility of being a landlord. If it’s your own home, ask if any of your kids will want to live there after you pass away or if they plan to sell it.”

There are several ways to pass on your home to your kids, including selling or gifting your home to them while you’re alive, bequeathing it when you pass away or signing a “Transfer-on-Death” deed in states where it’s available.

“How you handle your property has both legal and tax implications, so if you don’t do it right, it can become a burden instead of a gift for your kids,” said Lloyd Cohen, a law professor at George Mason University School of Law in Arlington, Va.

Here’s what you should know about each option:

1. Selling your home to your kids

Parents can sell their home to their children, even if the parents plan to continue living in the house, said Six.

“The parents need to sell it to their kids at fair market value—comparable to what other similar properties are currently selling for—because if they opt to do a bargain sale, then that’s partially a gift and will generate tax implications,” said Six.

Parents can loan money to their children to purchase the home, but legally the parents must charge interest to the kids and then declare the interest they earn as income.

“If the kids can afford to buy the home, a sale can be great for parents who want to downsize and need the proceeds of the sale to move,” said Six.

You can opt for a life estate that allows you to live in the property until you pass away. But Six said you must pay fair market rent in order for it to be considered a legal sale.

“Never do a life estate unless the property is land-only without a resident,” said Cohen. “If the person living in a home under a life estate must move, such as to an assisted living facility or just to move in with another family member, that life estate cannot be sold. No one wants to buy a home in which someone else is legally allowed to live until they die.”

Another option is to establish a Qualified Personal Resident Trust (QPRT), said Six, which transfers ownership of the home to a trust.

“The terms of the trust can allow the parents to live in the home rent-free for a certain period of time, but this is an irrevocable trust that cannot be changed,” said Six. If the parents outlive the terms of the trust, the property will be excluded from their estate. If they want to continue to live in the home after the term of the trust ends they must pay fair market rent while living in the home.

Cohen cautions a QPRT may not be for every family. He warns parents should be mindful if there is a falling-out in the family, the kids could evict their parents.

2. Giving your property to your kids

If you want to give your property to your kids, Six said it’s generally better to do so through a revocable living trust. This gives you the option of changing your mind in the future. In addition, Six said you must check your mortgage agreement or ask your lender if transferring ownership of the property as a gift will trigger a “due-on-sale” clause (which would force you to immediately pay your mortgage in full).

When gifting property, Cohen reminds owners if the recipient gets into financial trouble in the future, the property could be foreclosed on and taken out of the family in a bankruptcy.

Pass By Your House Meaning

“It’s usually better to transfer property as a gift after your death because of tax implications,” said Six.

3. Bequeathing your property

Six recommended putting a trust in place with a plan for how you want your property distributed after your death.

“Talk to your family about it first to discuss whether anyone wants to live in it, and has the wherewithal to keep up with the property taxes, insurance and maintenance costs,” Six said. “If no one wants the property, the trust can sell it after you pass away and distribute the proceeds.”

If one heir wants the property and others do not, Six suggested making equitable financial arrangements to compensate, such as leaving additional money to the heir who won’t inherit the home.

4. Deed transfer

Twenty-five states and the District of Columbia allow property owners to sign a Transfer-on-Death deed, said Cohen.

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“It works in a similar way to a ‘payable-on-death’ designation for a bank account that people use to transfer assets to their heirs,” said Cohen. “You avoid probate on the property and you can also easily change the designation at any time before you pass away. It’s a great idea, but it’s just not available in every state.”

You can sign a Transfer-on-Death deed for any property located in a state that allows this legal process regardless of whether your permanent residence is in that state.

Given the complications of passing your home onto your kids, it’s best to consult a team of wealth advisors to make sure your decisions are in your best interests as well as the interests of your heirs.

This article was originally published on Forbes WealthVoice.

Can I Pass By Your House