My father-in-law is aged. He is living with one of his daughters, who is poor. He wants to buy a house (around $80,000), put it in her name, and when he dies she inherits it.Ah, our old friend DIY estate planning. Everyone's much better off if he buys the house in his own name and leaves it to her in his will. Tell him to invest a few bucks in seeing a lawyer.PhilRule Your Retirement Home Fool
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