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Estate Planning with Michele of Conti Law: Should I Gift My House to My Child?

In this episode of Questions with Conti, attorney Michele Conti answers two important estate planning questions: Should you add your child to your deed? And what happens if you buy a home for your child but keep it in your name? While these strategies might seem like smart ways to avoid probate or reduce inheritance tax, there are serious risks to consider, including creditor claims, Medicaid eligibility, and capital gains tax.