If you are thinking about giving your house to your children, read this Wall Street Journal item first.
The item appeared in the print version of the Journal on April 14. It’s a good primer on the pitfalls of making a gift your house to your children, as well as briefly discussing when it might actually make sense.
Keep in mind that there can often be unintended consequences in any transaction that has tax implications. Always seek professional advice first.
The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.