Is it wise to tell my grown kids that I plan to leave them the property? Is it complicated to change title?
I have a house that is paid off in the USA. When I originally took title, I chose Joint Tenancy, so when I die it will automatically become the property of my wife. Now I have decided to change title to Tenants in Common so I can will the home to my two grown kids. My wife agrees as she will be getting other assets. I have two questions:
Asked By: watchdemknights - 10/7/2006
Best Answer - Chosen by Asker
Changing title is not complicated. Yes I would tell my children of my estate plans, so there would be no surprise in the end... More
Answered By: Skip - 10/8/2006
Additional Answers (2)
hand over the deeds before you die and they won't have to pay death taxes
Answered By: Felix - 10/7/2006
I don't think so. Then they might not work as hard to get what they need. Like me I left it to mine but have not told them. and some other property. But I want it to go to my grandkids and they know that. I keep all my private affairs quite. Even bank accounts etc. But I have my daughter now for Power of Attorney... More
Answered By: Patricia M - 10/7/2006
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