Originally Posted by
prodigydud
So my old man is widowed, and I'm the only child. His will is in place. However.....there's a new girlfriend in the mix - potentially soon-to-be wife, and it appears she's draining his funds quite quickly.
What's the best way to protect his assets and ensuring it gets passed down to me? (Assuming he still wants to pass things down to me, of course.). I keep telling him that getting married changes the course of his will, but he doesn't seem to think so.
I was thinking about just doing a land transfer on his primary residence with me as the sole owner, but I suspect that'll trigger capital gains later in the future - I guess that's better than nothing.
Thoughts?