1) you can loose control of the home. If a child predeceases you, the home may go to their spouse and the home could be sold out without your permission. 2) Liabilities. If theres a divorce or lawsuit 3)Taxes. What can you do? An Asset Protection Trust where your home is protected and you get all the favorable tax advantages and if something happens to the kids, nothing can happen to the house. [more info at www.CooperElderLaw.com]
