Can we sell our home to our daughter for $1.00

You can sell your home to your daughter for $1.00 but it should be part of an overall estate plan.  There are regulations that will prevent you from getting Medicaid if you are within five years of the sale, and your daughter might have certain adverse tax consequences.  In addition, the house is now hers so you may loose a senior citizen tax deduction, and she could kick you out !! You should discuss this with a lawyer to see if selling her the house meets all of your estate planning goals.  Please call my office if you think I can help, the consultation is free.