Want to leave my home to children equally. Is this a good idea?
Please, I apologize, but didn't know what forum to post this question in.
I want to leave my home to my sons upon my death. I want to put in my will or my trust to leave 50% of my home to one son and 50% to the other.
Here is my question..is this a bad idea because one son doesn't want to live in the home, but the other one does. However, the son that wants to live in the home will most likely move in and not be able to, or be willing to, buy the other son out. As a result, one son will get the home and the other one won't get any compensation and will most likely end up having to pay the tax bill! How can I leave the home to them equally but put some conditions in place to ensure one son doesn't hold the home hostage over the other. I hate thinking in these terms, but if these two boys cannot agree, I don't want them ruining their relationship because of a situation I put them in. Thanks.