Written by attorney Kimberly Ann Trueman

Putting Your Property in Your Children’s Names

lder Law attorneys hear this question constantly. Typically, once people reach a certain age there is an invisible pressure to transfer assets out of one’s name and into their children’s. Some people feel that if they do not do this, the “State” will take their money either in taxes or for the costs of long term care. While tax planning and long-term care planning are important to consider, there are also many myths.

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