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URL:  http://boards.fool.com/check-with-a-local-lawyer-but-in-california-youd-16021779.aspx

Subject:  Re: inheritance tax w/wife not on title Date:  10/30/2001  11:38 PM
Author:  CAMobley Number:  54908 of 120797

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.
Cyn
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