The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: inheritance tax w/wife not on title Date:  10/30/2001  11:38 PM
Author:  CAMobley Number:  54908 of 127746

Check with a local lawyer, but in California you'd want her on the title because she'd receive a step up in basis on the whole property if you died.
Do you have a will? Kids? Previous marriage kids? In some states, if you die without a will and with kids, they'll inherit a portion of your separate property (which this may well be. Major fights in divorce cases over whether property has remained separate property or has been commingled, and at least three ways to calculate how much interest the commingled spouse (not an actual legal term) has in the property.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us