Monday, July 8, 2024

Why Parents Put Assets In Their Children’s Names



Some parents, for reasons we will analyze, feel compelled to put some or all of their assets into their children's names. 

Whether or not it's the "right" thing to do, parents who put assets in their kids' names do it for one of four reasons: (1) tax reasons; (2) protection from nursing homes; (3) lawsuit protection; or (4) probate avoidance. Let's take a closer look.

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