Q: HOw should a new home be titled to protect adult children in a remarriage? Both spouses want to leave to their kids
We are retiring to south carolina in the next year. We remarried in our 60s and each have 2 adult children. We thought of an arrangement that when one dies the other has to move or buy out the 50% of house (after appraised) however we may be old or the appraised value might have gone so high that makes it nearly impossible to buy out. Is there any other ideas? We are both wanting to be fair.
A: Titling your home in a trust specially designed for your goals is your best bet. Look for an experienced estate planning attorney in your area.
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