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Posted on 12/8/20 at 10:59 am to nineteeneighty
If the cold gets to you at times, and you don't want a vacation rental on the Gulf, maybe Aruba is the place to look. It's summer all year around, a low crime Dutch colony, good restaurants, casinos, rarely rains and it's outside of the hurricane tracks. Negligible mosquito population too.
Posted on 12/8/20 at 11:21 am to nineteeneighty
Please verify that your wife's inheritance is indeed community property in Illinois. I'm not an attorney, but I don't think it is. If FinL's will specifically names you, then it is part yours. If she is named, then it is technically her separate property. Thus, she is the legal owner/controller of the funds, not you. It's an important distinction, even though she may choose to defer to your decision making with regards to investments, etc. A house purchased with these funds isn't necessarily your community property either....
Please update your wills, as she needs to account for this separate property in her own estate plans.
Please update your wills, as she needs to account for this separate property in her own estate plans.
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