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Reply to "Best way to pass down real estate"
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[quote=Anonymous]My FIL would like to pass down his house to my husband upon death, and wants to facilitate this by making my husband a co-owner with survivor’s rights while FIL is still alive and well. But I’ve read somewhere that this is disadvantageous in some ways, and that putting the house in a trust is much better. Can anyone explain to me whether/why this is the case, so I can explain to DH and FIL? And while I’m at it, I’d welcome any tips for making it as easy as possible for FIL to set up a trust. He has his hands full already. FIL is out of state, so I don’t need recommendations for local attorneys. Thanks! [/quote]
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