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lanette, make it clear. well, they re trying to minimize estat taxes or potentially provide medicaid t benefits to the elderly parents. i don t know which might be the case in this particular situation, but i can tell you that this is fraught with a lot of dangers. this is not something you want to do without getting estate tax attorney, without a cpa. there could be potential gift taxes triggered, estate taxes, inco tax, if you do that $1 sale, the irs might come back and say, this was essentially a gift. medicaid has a five-year lookback period. if your parents need to go into a nus rg home, they might say, what did you do within the last five years? what was transferred? that strategy doesn t always work. so i say, do use extreme caution when it comes to transferring or potentially gifting essentially a $1 house. you hear stuff about rich people doing this, but they have a team of people helping them out. you need advice on that one.