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‘We are blessed’: My husband is inheriting a $1 million home. Should he put it in my name too?

156d ago
Business
MarketWatch
Business strategy
A reader writes in to MarketWatch seeking advice on whether her husband should put a $1 million inherited home in her name as well. The couple lives in a non-community property state and has one adult son. The question centers on asset protection, potential tax implications, and estate planning considerations. Experts recommend consulting with an estate planning attorney to determine the best course of action, taking into account the couple's specific financial situation and goals. Factors to consider include potential future liabilities, estate tax implications, and the desire to provide for their son.
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