Title says it all. My parents AND my in-laws are aging, early 70s. They both want to transfer or ‘gift’ their primary residences to me and my husband while they’re still healthy and living independently (before dementia and Medicaid come into play).How would you handle this from a legal and paperwork standpoint? Would you put the properties in an LLC and treat them as tenants?Also are there any risks to doing this now versus after they’ve passed when it would be considered an inheritance?
Majeed Ekbal's Daily Blog 