Advantage of a house in the name of children?


Questioner

We want to continue living in our home as long as our health allows. What are the consequences for us and our children if the home is sold to our children (with closed purses) when admitted to a nursing home?

Questioner

what is meant?

Questioner

see above

Lawyer

If you transfer the home to the children without any money, this will constitute a gift on which gift tax must be paid. I advise you to contact a notary for advice. If the home has been transferred and the gift tax has been paid, you will no longer have any money available for the costs of admission to a nursing home.

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