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To: wmfights

The house in question, apparently belonged to the parents. Also, apparently, in TN you cannot pass it on to your kids to avoid having it as an asset. I suspect they could have sold it to the kids, but I'm not sure. They should have had someone who does trust or estate stuff give them better advice.
susie


37 posted on 10/23/2006 10:53:13 AM PDT by brytlea (amnesty--an act of clemency by an authority by which pardon is granted esp. to a group of individual)
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To: brytlea

"...apparently, in TN you cannot pass it on to your kids to avoid having it as an asset. I suspect they could have sold it to the kids, but I'm not sure."
_________________________________

This is the one red flag I see.


54 posted on 10/23/2006 11:03:41 AM PDT by wmfights (Psalm : 27)
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