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Who Owns the Home?

When counseling clients about estate planning, my primary objective is to help them maintain control of their estate.  This includes helping clients ensure that, on their passing, their assets go to those they want to receive them.  This result does not happen...

 Will This Cost You The Home?

Last article, I gave the example of a man with children from a prior relationship who purchased a home with his girlfriend.  When he dies, who will receive his share of the home?  Since they are not married, the house is not community property.  This means there is no...

 Don’t Deed Your Home to the Kids (Yet).

People sometimes deed their property to their children while still alive in order to make sure the home goes to the kids after the parent has passed.  However, this shortcut often comes with significant unanticipated risks/costs. When a homeowner dies, the home...

Who Gets the House After Your Passing?

It is your second marriage and you live in the home she brought to the marriage. When she passes away, what right do you have to continue living there? Some assume that, because they were married at her passing, the surviving spouse can continue living in the home...