Should You Transfer Your Home or Other Assets to Your Kids Before You Die?

Many parents in the later stages of their lives wonder if gifting their home or other assets to their children now is wise. While it can feel generous, this decision has serious legal, tax, and long-term care implications that could impact your legacy.

In this video, we walk through five essential considerations before transferring ownership — including issues of control, tax consequences, Medicaid planning, family conflict, and alternative strategies like trusts and powers of attorney. And as always when it comes to estate questions, be sure you're making an informed choice with guidance from an estate planning attorney.

This content was provided by Retirement Planning Services. We are located in Knoxville, TN. You can learn more about us, or schedule an insight call by visiting our website at https://www.seriousretirement.com.

Timestamps:

0:00 - Intro
0:54 - Control and use
2:58 - Tax implication
5:01 - Long term care planning
8:46 - Trust and life estates
14:18 - Summary & Disclosures

Advisory services offered through Retirement Planning Services, LLC.

The information in this recording is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.

Видео Should You Transfer Your Home or Other Assets to Your Kids Before You Die? канала Retirement Planning Services