For many people, their house is their most treasured and valuable asset. Kids have been raised there, memories of a lifetime created, and it is only natural to want to pass the family home to the next generation and avoid probate. But is it a good idea to transfer the house to your child? The...
You have managed to successfully raise your family and are now enjoying your independence that the empty nest affords. You have a daily routine and are used to being in control and on your own. Sometimes, however, life throws us a curve ball. Perhaps you have recently lost your spouse, or you have been dealing...
The call came into my husband’s cell phone as we were sitting down for his 50th birthday dinner: “Your father has fallen and requires emergency surgery.” Since Bob had dementia and didn’t have family in the area, the doctors immediately looked to contact his health care proxy. Fortunately, years before the dementia set in, Bob...
Q: Mom lives alone in the family home where we all grew up. She seems lonely since Dad passed away several years ago. I’m worried about her safety; she lacks socialization and it seems getting around is becoming more difficult. Taking care of a big home by herself is getting difficult. As her daughter, I...
When parents create their estate plan, one of the decisions that must be made is how to divide their estate among their children. For some, the answer is simple – every child gets an equal share; for others the situation is more complicated and leaving equal shares is not the desired choice. Sometimes the relationship...
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