One option they may recommend is a life estate deed (aka lady bird deed) or perhaps setting up a trust to put the property in. Here’s the downside to adding your children to your deed via a quit ...

A lady bird deed, or an enhanced life estate deed, allows a homeowner to automatically transfer their home to their beneficiaries without going through probate. As probate can be an expensive ...

Of course, if everyone agrees to reverse the life estate, you’ll be able to do so — as long as you file the updated deed correctly for your locality. There are other potential drawbacks to a ...