Trusts and Protecting Your Home

The Red Wagon Estate Planning & Elder Law Show · Nov 10, 2022 · 24m

Transferring ownership of your home to your child or children is easy, but that's where the uneasiness often begins. When you give joint or sole ownership of your home to your child or children while you are still alive, you lose some or all control of the asset. Additionally, the home becomes vulnerable to new types of risk—some predictable, some unforeseeable. So, before you place the name(s) of your child or children on the deed to your home, Jeff Bellomo would like to teach you about trusts.

Key Takeaways

01:00 When transferring home ownership to an adult child, be sure to consider…