Is it better to transfer my house and/or other assets to my children during my lifetime to avoid probate?

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Video Transcript

It is generally not a good idea to transfer your assets to your children to avoid probate. There are many other ways to avoid probate without having to transfer your assets directly to your children. Also, if you transfer assets to your children you can be penalized if you need Medicaid benefits within the five years after giving those assets away.

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