Howard JW Insurance Group Blog
By: T Antoinette Wilson
Learning about my clients, and their goals for their family or business, is one of my favorite things. While doing this, two of my favorite words always come to mind – “vision” and “legacy.” Many clients have told me, “I’m going to leave my house to my child.” Those who say this, often have some equity their child could receive, whether they keep or sell the house. Many Americans dream of owning their own home. So, of course, inheriting a home can be an awesome gift!
Many times, additional expenses also come with inheriting a home – expenses that most people don’t think about beforehand. Unfortunately, these expenses could actually eat into the equity you’re leaving your child. Here are some things to consider:
Have you already resolved all legal issues for your son or daughter?
How will your estate be settled?
What if your son decides to sell the house?
What if your daughter decides to live in the home?
How can I make this happen easily for my child?
At Howard JW Insurance Group, we’re all about tracking with your vision and protecting your legacy. We’d love to learn about your legacy plans! Contact one of our licensed, Insurance Consultants. We’re here for you and happy to help!
How have you prepared to leave your house to your child?