Written by attorney Kimberly Ann Trueman

Should I Be Putting Property in My Children’s Names?

Elder 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 that of their children. 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. Along with the real issues that seniors should be considering regarding transferring their property, there are also many myths.

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