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Assume that after Benny died, Joon remarried. Her new husband, Carlos, is also widowed with two adult children. After their wedding, Joon sold her home
Assume that after Benny died, Joon remarried. Her new husband, Carlos, is also widowed with two adult children.
After their wedding, Joon sold her home and moved into Carlos' home. Joon used the proceeds from the sale of her home to pay Carlos for onehalf the value of his
house.
Carlos intended to update his estate documents, which indicated that all of his assets were to be distributed equally between his two children, Huff and Puff, in the event
of his death. But before he was able to change the title of the house to "Joint Owners with Rights of Survivorship" or update his own will, Carlos died.
How will this affect Joon and ultimately, her children's inheritance?
As Carlos' wife, Joon is entitled to the full value of the home, and Denny and Moon will receive the full value of the home as part of their inheritance.
Joon will be able to remain in the home until her death, at which time the property will transfer to Carlos' children, Huff and Puff.
Since Joon paid Carlos for onehalf of the value of the home, Joon is entitled to onehalf the value of the home, and Denny and Moon will receive this as beneficiaries of
Joon's estate at her death.
Joon will not legally own the home so Denny and Moon will not receive the personal residence as a part of their inheritance; Huff and Puff will receive the home as part
of their inheritance from their father.
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