My lawyer said the way out is to sell everything now, and rent. But that is income……..or put all assests in kid’s name, or trust. Not always a good idea.
Many years ago my ILs set up trusts with theirs & the childrens (my husband & his brothers) names on them. Not sure how it all works tbh but I know they jumped through lots of hoops at the time.
I wonder about accessing inheritance, if by that time there are digital IDs, and we don't have them / have not submitted to the process of being Good Citizens ... ?
There are ways around it… we shouldn’t have to figure them out though.
My lawyer said the way out is to sell everything now, and rent. But that is income……..or put all assests in kid’s name, or trust. Not always a good idea.
Many years ago my ILs set up trusts with theirs & the childrens (my husband & his brothers) names on them. Not sure how it all works tbh but I know they jumped through lots of hoops at the time.
I wonder about accessing inheritance, if by that time there are digital IDs, and we don't have them / have not submitted to the process of being Good Citizens ... ?