The family home is not only where years of precious memories reside, and for many people it is their most valuable asset. It’s natural for parents to want to pass on that home, or its value, to their children or grandchildren. In most cases, that can be done with appropriate planning at the appropriate age, which is when people get up in years and have an increased risk of long term care. The following information outlines what the rules are and how they can protect that home, and other assets as well.
