No. of Recommendations: 7
It’s 100% part of net worth…when you’re dead.
Your Home net worth is considered just like Berkshire stock, CDs, or mutual funds. My state plans on grabbing an extra $100k in estate taxes—the exact same chunk as it would if my home was BRKB stock. My kids plan on enjoying a stepped up ASSET tax basis in tax free inheritance. Or I can reward even more folks— hiring a lawyer to affect that process lol.
So whether you want to count it as net worth or not NOW, your legislature, your kids, and possibly even lawyers most definitely WILL….Later. And if all of THEM count it as your net worth—I’m sorry but you have no choice lol. It’s a valuable tangible asset and it will be fully monetized by you…or some one…lol.
