The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/this-just-got-better-the-deceased-had-a-special-30782263.aspx

Subject:  Re: DIY estate planning strikes again Date:  7/17/2013  1:07 PM
Author:  vkg Number:  118879 of 121335

This just got better. The deceased had a special needs son, who it appears, now owns half of his grandfather's house. I've told the friend that he needs a lawyer pronto, this is a total mess.

They needed a lawyer years ago. It would have been much cheaper.

So many possibilities, and none of them good. The son's creditors may have priority over the grandson. To perservce his benefits, the grandson may have to turn his interest in the house over to the state. Hopefully, only half the house is at risk over this DIY estate planning.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us