UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5748  
Subject: Re: This doesn't make sense to me Date: 6/15/2012 12:14 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
It sounds like they're using a trust to be funded by the sale of their existing homes, to buy the replacement home, with the excess funds to be kept in trust for the maintenance of the home, and available for the support of the survivor. There's nothing mysterious or unfair about this; they're doing this for their mutual benefit, and want to make sure that the funds they committed to it will benefit both of them for their lifetimes.

Interesting because I actually read it as not so hot DIY estate planning ;)

There are two concerns I saw - it didn't say trust and there are issues for non-married couples that need to be specifically addressed. Tenants in common - yikes for the heir of the first deceased.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement