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Can I Sell My House For One Dollar To My Child?

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hi I'm attorney Kevin rebus with a law

firm of Kolbert and rebus you're

experienced local choice for elder law

people often ask can I just sell my

house to my child for a dollar in order

to protect it from the cost of long term

care well first of all transferring a

house to your child for a dollar isn't a

true sale it's actually a gift so if you

need to apply for medical assistance

benefits to pay for your care during the

next 5 years after that gift you'll find

yourself ineligible for medical

assistance benefits but beyond that by

transferring the house for the

consideration of a dollar you're giving

up everything you're transferring the

house solely to another person and it

becomes subject to their own potential

liabilities and problems so it's

generally speaking not in an


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