And.....if this is a choice you are making in anticipation of going on Medicaid if you need long term care in a nursing home, you need to be aware that there is a five year lookback to any assets you give away and the kids who receive the house could owe to Medicaid. Consult an elder law attorney or an estate planner.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
