Q: My 88 yr old parents want to sell their house and buy a condo. They want to put the condo in my name. Is it legal?
A: Provided your parents are legally competent, yes. With folks of such advanced age, it is a good idea to have an attorney and/or other witnesses involved in case anyone ever suggests they were not competent to make such a decision and that bullied or cheated them. You should also talk with an estate planning attorney concerning tax implications of doing this.
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