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April 6, 2020

Don't give your adult kids your house

By LIZ WESTON
NerdWallet

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Transferring your house to your kids while you’re alive may avoid probate, but it can also result in a big, unnecessary tax bill and put your house at risk.

Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn't.


 
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