Legal Question in Real Estate Law in Pennsylvania

sale of house to children

can we sell our house to our children


Asked on 10/16/05, 11:20 pm

1 Answer from Attorneys
Bryant A. Boohar Charles W. Boohar, Jr. & Associates, P.C.

Re: sale of house to children

Yes, but you ought to consult an attorney to help you with the transaction. Also, if the sale is for less than full value, you ought to consider the potential tax implications, as well as public benefit penalties, associated with the transaction.

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Answered on 10/18/05, 9:10 am


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