“Information Bits from the Boss: Samantha provides brief answers to clients frequently asked questions”

What if I add my children’s name to the deed?
 
Client typically ask about adding a child’s name to the deed to protect against long-term care costs. Adding a child’s name to the title of property makes the property subject to the child’s creditors. Additionally, if the child predeceases the client, the client must pay PA inheritance tax on the real estate. Client would pay PA inheritance tax at a rate of 4.5%. Our office does have other planning techniques that we can use to protect your assets. For additional information or to schedule a free initial consultation please contact our office at (717) 655-2676.