Some Unusual Advice
Not in a million years would I have thought I’d recommend that people get legally married. But in some cases – I do. Harry and his partner Sally lived together in a house they bought in Oakland in the 1980s, at a very low price and with a very low California property tax basis. They’d both been in bad marriages, so they vowed to never get legally married. They each owned 50% of their house as tenants in common, and each paid half the bills. Flash forward nearly 40 years later. Sally has now died and, yes, she had a trust leaving her half of the house to Harry, which is good. The problem is...
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