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URL:  http://boards.fool.com/there-are-a-couple-of-points-to-consider-if-most-30705490.aspx

Subject:  Re: Off topic question Date:  5/28/2013  5:47 PM
Author:  BruceCM Number:  72305 of 75643

There are a couple of points to consider.

If most of the parent's net worth is in the equity of their home, I'd recommend they hold the house in a revocable trust that will instruct the beneficiaries to sell the house and distribute the net of sale equally to siblings. Real estate held by the decedents estate will virtually always lead to discord within the family.

The other recommendation is to consider the revocable trust to create a "spend-thrift" trust at death (testamentary) that will limit how much the trust must distribute each year, and will protect the inheritance from credits as long as it remains in trust

A trip to discuss this with a RE attorney might be a good f

BruceM
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