Should You Add Your Adult Children to the Deed to Your Home?

For some reason, a lot of people want to add their adult children onto the deeds of their homes. I must talk to a client about this at least once a week.  People generally have different, specific reasons they want to do this. But if you take away all the fluff, it generally boils down to one thing—they want their kids to end up with the house when they die. But is adding your children onto the title of your home the best way to do this?  Well, I can’t say it’s never a good idea. There are a few situations where it may be the best way to go.  But more often than not, there is a better solution. So why is it not a good idea to add your adult children onto the deed to your home?  Your child may want to get a mortgage to purchase real… read more →