Quote:
Originally Posted by jayerose
I want to leave the house to my daughter but would like my husband, if I pass before him, to have the choice to stay in the house until he moves or passes away.
Yes, I can google it but just wanted to post first...it is not a will I would state this, is it?
thank you all.
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You should discuss with an attorney. Things can get problematic with a second marriage, kids etc. It is likely you have other property besides the house. Who gets the painting that all hate or love? The dog? Etc.
When, my mom passed, my sister and I were at war over other issues. My parents did not have much. Each item was listed as to who gets what. It could have been ugly. It was not due to whoever wrote the will or how they had it done.
My mom left each of us half of her IRA as an inherited IRA. I think the law has changed.
I think the forced distribution is figured on a shorter time frame. It is a minor inconvenience to take it every year. I could opt to take it all out and pay the tax on it.
For me it is a gift that keeps on giving long after passing.