and Your Local Scenery places in Gettysburg National Park that have immortalized the legendary battle, like Devil’s Den, where the Union and Confederate armies clashed and turned the tide of the American Civil War. You can also visit the house of Jennie Wade, where her ghost is said to roam. Wade was the only civilian who died in the Battle of Gettysburg. Go Hiking If you’ve never explored our local hiking trails, then this is the best time to do so in this amazing weather. The Appalachian Trail is one of the longest trails in the
OF ORGANIZING YOUR ESTATE If You Want to Put Your House in Your Child’s Name While every case I tackle has its own unique set of circumstances, I also get a list of common questions from every client. Whenever I start to see a pattern, I like to address them so all my clients have a better idea of their legal situation. One question I get frequently is “Can I put my house in my child’s name?” Whenever I get this question, I make sure to ask my clients about the four D’s: debt, divorce, disability, and death. Debt When it comes to putting your house in your child’s name, you always have to consider the worst-case scenario. If your child ends up in debt afterward, then you’ve exposed your house to creditors. Failure to pay back the debt in a timely manner could result in you losing your house and becoming homeless. Divorce If your child is married, you need to think about what would happen if they divorce their spouse. In the worst possible situation, the ex-spouse could turn into your landlord. You need to ask yourself if you would be comfortable with them owning your house even after your child has parted ways with them. Disability While it might be convenient to put your house in your child’s name, it may be a detriment to them if they become impaired. Should they have to file a disability claim, the government will look into their assets and base their benefit amount on the value of their estate. If your home is listed on their estate, it could lower your child’s benefits and slow their recovery progress. Death THE 4 D’S
world. Spanning more than 2,100 miles, the trail makes its way through beautiful landscapes. You can also traverse the Great Shamokin Path,
a well-known path that connected two of the major Native American cities in the state. Want a great view of the amazing
natural scenery of Western Pennsylvania? This is the place to visit.
S U D O KU
In the event of an unfortunate death of an adult child who was married, you either lose control of the house or the property rights revert back to you, even if your child’s spouse is living in the home. At the end of the day, even if you have a great relationship with your child’s spouse, you haven’t gained anything from the situation.
It’s not always a bad idea to transfer your house to your child, but it’s best to consider the situations that may arise and the pros and cons of doing so, should there be a change in your child’s life
circumstances. If you’re considering putting your house in your child’s name, then reach out first so we can discuss your options.
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