Should I transfer the deed of my house to my children to avoid the Pennsylvania Inheritance Tax?
This blog discusses the pros and cons of whether or not it makes sense to transfer deed ownership of a property into the names of children or other family members to protect the asset before entering an assisted living facility or as a method to avoid the Pennsylvania Inheritance Tax. The answer is - it depends. Each family situation is different and we need to evaluate what is the best way to protect an elder law client.