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Reply to "MIL thinks a third home is more important than DH... time to cut her off?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This story lacks credibility. High net worth individuals invariably use trusts, not wills, to protect their assets. Generally these individuals do not pay cash for houses, as they manage their property equity with the smallest down payment and leverage their cash in high return investments. [/quote] Agree on trust vs wills. But most 10 million personal use homes are bought with cash.[/quote] Even so, the MIL can bequeath the property to the DH. He can then do as he pleases with the property. It's not an either/or. The MIL purchase of the home does not prevent her from leaving $10 million to the DH. This story fails the reasonableness review.[/quote]
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