<prompt> Human: My wife and I recently retired both 64. Were planning on taking social security with my wife taking at 66 and me taking at 70 Ill file for spousal benefits at 66. At the point where were both 70, social security will more than cover our annual expenses.We have: Paid off house, worth about 300k. 500k in traditional IRAs. 30k in roth IRA. 160k in assets in a taxable brokerage account. A portion of an inherited estate worth approximately 250k.Wed like to ensure that as much of our estate as possible is passed to our only child and his children. Questions: Should we transfer the title of the house into his name? The write-off on the property tax would make more sense for him, as hes in a higher tax bracket and were not taking advantage of it by just using the standard deduction. Should we transfer the taxable assets and the cash from the estate to him immediately? What are the up-sides and down-sides of getting the assets out of our names? If we need long-term care is the house at risk?Links to sites that answer these questions are welcome, I am sure I am ignorant to some of the obvious answers for planning out there.  <response>: You really should seek the advice of a good estate planner and you absolutely need a will specific to you state. Generally, you shouldnt transfer assets while you are living because there are tax implications. Leaving it to them in a properly structured will should ensure that they receive it upon you and your wifes death. As for long-term care, you should really have good long-term care insurance in place at this point in your life. Moving or hiding assets to subvert financial responsibility under certain circumstances could be considered fraud. Again, you really should seek the advice of a good estate planning attorney. 