Ep. 33 Should I Transfer My House into My Children’s Names?

Send us Fan MailMadison and Mike discuss the complexities and financial implications of transferring a house to a child, including potential risks, tax liabilities, and the impact on Medicaid eligibility. They emphasize the importance of consulting with a financial advisor and elder law attorney to make a well-informed decision and stress that each individual's situation is unique. The discussion concludes with a call for listeners to gather all necessary information and seek expert advice before making any decisions.