Should I transfer my home to my children

Should I transfer my home to my children - Featured image - mother and child

Many people will consider transferring their family home to their children as they become older in an attempt minimise their liability to inheritance tax by reducing the size of their estate and/or in order to reduce their potential liability for care home fees, should they require such care in the future. Here, we set out some of the factors to take into account before making such a gift and some of the potential pitfalls that can ensue as a result.