Former Penn State Coach Arrested

[KSig RC]

Originally Posted by MysticCat

Or four: estate planning purposes.

Yep, precisely - especially when you're in your 80s and your wife is 12 years your junior.

I'm not an expert on estate taxation in general and certainly not PA in specific, but there are dozens of non-nefarious reasons for an old man to sign over his house.

[Benzgirl]

Originally Posted by KSig RC

Yep, precisely - especially when you're in your 80s and your wife is 12 years your junior.

I'm not an expert on estate taxation in general and certainly not PA in specific, but there are dozens of non-nefarious reasons for an old man to sign over his house.

My father signed over the house to my mother years ago because of the liability of his profession. If he were to be sued, the house is protected.