There are better ways to avoid probate than giving your house to your children, according to The New York Times in "Leaving a Home to Heirs While You're Still Alive."
One method people have used to avoid probate is to give a home to a child, while the parents are still alive. This is an especially bad idea, if the parents are still living in the home.
All that needs to be done is to transfer the deed to the property and it belongs to the child. It does not have to go through probate after the parents pass away.
This is a terrible idea, however, because the home is now subject to the whims of the child, any creditors the child might have and perhaps even a disgruntled spouse.
Should the parents and child have a falling out, then the child can evict the parents. It happens. Should the child face debts that cannot be paid, creditors could force a sale of the home.
The best thing that can be done is to schedule an appointment with an estate planning attorney. These are the experts who know about the probate process and how to avoid it, when necessary.
An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances.
For more information visit my Wichita KS Estate Planning Attorney website
Reference: New York Times (Aug. 25, 2017) "Leaving a Home to Heirs While You're Still Alive."