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Podcast: The Life and Legacy Show
Episode: Legal Advice From The Guys At McDonalds
Description: Picture a McDonalds at 7AM. You can smell the hashbrowns and coffee, right? You see the table of the older fellows sitting in the corner? You know what they're talking about every Tuesday morning - giving their house/savings to their kids.  Why do people do this? If you read a newspaper realty transfer section, you'll see transactions by people giving their home to their child. Why?There are two reasons people do this: 1. the perception that they can save taxes2. to protect the house from the nursing homeIn this episode...