As more baby boomers are heading into retirement on a daily basis, common questions emerge regarding estate planning. One of the most common concerns for various baby boomers approaching retirement is how to deal with their homes. This is frequently the most valuable asset for people and is fraught with complicated questions that must be addressed. You might be thinking about selling and downsizing to leave a larger amount of cash for your heirs to divide. Perhaps instead you want to leave the deed to the apartment or the house to your adult children to decrease the chances of a conflict after you pass away. 

Since the value of homes is on the rise in many different locations, it is extremely important that you schedule a consultation with an experienced estate planning attorney to talk about how you could protect your most valuable assets. More adults who are reaching their elder years have a desire to age in place in their own home. They may opt to make the gift of their home to someone instead of cashing out and downsizing.

Whether you intend to pass on assets directly or your home, setting up a consultation with an experienced estate planning attorney can help you identify the strategies and the tools most appropriate for protecting these assets, minimizing the tax consequences to heirs and putting you in a position to easily transfer these assets should something happen to you while also maintaining the necessary funds to support your health care costs.