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Wills, Trusts, Etc.
My dad is in the process of finishing up his will. Everything seems pretty standard, except he is remarried and his wife (our stepmother) keeps the house until she dies. It is fully paid off and in both their names. He has 75% equity in the house and she has 25%, and supposedly that 75% will be split among his 3 kids at some future point. She states that her will also reflects this intention.
Their lawyer got antsy about this, and in fact declined to sign the final paperwork because there are too many loose ends with this arrangement. We all agree she needs to be provided for and should always have a place to live, but so many things can happen in the future, including her getting remarried, moving to a different place, etc. Splitting the proceeds from the sale of the house will not leave her enough money to move elsewhere. Unfortunately my dad is in the final phase of cancer, so the above scenario will soon play out.
Anyone have similar experiences and ways to deal with it?
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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma
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