Posted on 02/18/2020 11:10:16 AM PST by Chickensoup
Sell the properties and invest the proceeds in a good income producing mutual fund for enough to live on. Will the capitol to the kids when you die, not the property. Leaving property your children is a good way to cause problems. Financial Advisor Bruce Williams always said that if you wanted to destroy a family, leave them property together. Works every time. Do them a favor and don’t do it.
Don’t require them to see to your care either. Don’t saddle them with it. Find a way to relieve them of it. They’ll have kids to put through college and then want to enjoy retirement as well. Being financially independent yourself is the best way to do that and your properties is likely the best way to do that. Gambling on one of your children dying isn’t the way to find it.
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