As an elder law attorney, one of the questions I am most frequently asked is, "Should I transfer my home to my child?" My answer is always the same, "It depends on the goal you are trying to accomplish." This article will discuss some of the issues you need to consider before deciding whether to transfer your home to a child.
You have worked all your life to provide for your family, and to put that little "nest egg" away for retirement. Unfortunately, while we do not like to think about dying, death is inevitable. Therefore, a question frequently asked is, "What can I do now to ensure my family is taken care of when I die?" The answer is - prepare your will.