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The Advantages & Disadvantages of Transferring Your House to Your Children

Hoeper Law Offices has recently considered the advantages and disadvantages of an estate plan involving a gift of real estate with retained life estate. Some advantages of this plan include ease of transfer on death (probate proceedings can be avoided) and tax benefits for your loved ones. Disadvantages can include some insurance companies charge a higher premium and because you are making a gift, you are unable to change your mind unless your child consents to deeding the property back to you.

In short, a gift with a retained life estate has worked well for many individuals; however, each family's situation is unique and needs to be evaluated individually. If you would like to get a free copy of this analysis, call my firm at 920-324-5050 today!

Hoeper Law Offices can provide you with the accurate answers and seasoned advice you need. With more than 40 years of legal experience in probate and estate planning, I, Attorney Peter John Hoeper would be happy to put my extensive resources to work in your case!

Categories: Estate Planning
Hoeper Law Offices - Waupun Probate Attorney
512 E. Main Street
Waupun, WI 53963
Phone: (920) 324-5050

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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