Fighting Over the Home

In Keeping house in the family takes careful planning, SFGate.com, May 20, 2007, Carol Lloyd explains the issues that arise with regard to the family home.

Ms. Lloyd explains that:

How our society deals with the transfer of real estate upon death or with an elderly homeowner is a matter of sprawling debate, emotional conundrums and myriad laws. Should a home stay within the family, to preserve the family history, as a container of memories and traditions? Should parents pass their homes to their children before they die, or after? Should they sell the home to pay for an expensive nursing home or assisted living? Or should they opt for a reverse mortgage?

The answers to these questions vary widely, depending on whom you ask.

Special thanks to Prof. Joel C. Dobris of the University of California-Davis for bringing this article to my attention.