From Dow Jones & Company:

A reader is questioning what will happen to their property, which is worth $1.2 million, when they pass away, particularly how it will be divided between their husband and their child. It appears most important for the reader to ensure the property remains within their family and potentially their husband when they die. The reader wants to ensure they protect their interests and are looking at all the possibilities of what could happen. They are seeking advice on the matter and for wealth planning tips. These are reasonable points to think of but may complicate the reader’s goals. Consultant offers potential compromises to help the reader reach their ultimate goal of having their son inherit their entire estate. The consultant suggests that they must prepare for possible problems that could arise in their family. The tax lawyer in their state may be able to provide advice regarding regulations. The consultant states they must also prepare for the possibility that their husband could die before they do.



Read more: I want my son to inherit my $1.2 million house. Should I leave it to my second husband in my will? He promised to pass it on.