Should Your Aging Parents Give You Their House?
January 3, 2025
Deciding what to do with your aging parents' house is a sensitive and complex decision. Should they transfer ownership to you now, or wait until after they pass? In this video, we break down what to consider before making this important choice.
Learn about the tax implications of transferring a house during your parents’ lifetime versus inheriting it, including potential capital gains taxes and how inheritance can save you thousands. Discover how Medicaid’s five-year look-back period could affect eligibility if ownership is transferred too soon.
