I’m a 54-year-old widow. My fiancé and I plan to renovate my home, but I want to leave it to my daughter. Should I marry?

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In our latest money advice column, a reader has a question about money & second marriages: Should I not get married a second time to make things easier tax-wise? How should I deal with a house I paid for with my late husband as I am engaged to a new man?

I am a 54-year-old widow of six years, with average savings and a home that was paid for by me and my late husband. I am now engaged and need advice on how to move ahead with our finances. My fiancé has a good job and savings. He will be moving into my home, but we plan to make improvements to the home together.

Before you get married and/or pursue a financial life together, I urge you to seek legal counsel. Tennessee is a separate-property state, and your home is currently considered separate property. In community-property states, there is a 50/50 right to marital property. In separate-property states, that property is typically divided in a court of law if the couple divorces.

The Moneyist: My mother’s will says her boyfriend can live in her home after she dies. Can I still kick him out if the deed is transferred to me?

 

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Stay single. Run if he doesn’t agree. That man willhave free property.

𝗡𝗼𝘄 𝗶 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗶𝗻 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗳𝘁𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗶𝗻𝗴 $5,500 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗵𝗲𝗹𝗽 𝗼𝗳 𝗼𝗳 𝗠𝗿 cronin 𝗶 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗳𝗳𝗼𝗿𝘁 𝗮𝗻𝗱 𝘁𝗵𝗮𝗻𝗸𝘀 trader_conin_fx

Very complicated issues 😆

Don't do it.

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