larryshoat":p5lwbkz3 said:
As Bigfoot says if something God forbid happens to your child then the inlaws will own it.
Would this not be the parent of your grandkids? And wouldn't you want your grandkids seen about? Just asking.
I think the choice is yours. There is 100% certainty that if you do nothing the government will seize half of your estate and blow the money on stupid stuff or you can take the risk that your children learned something from you and hopefully married someone of equal character and will take what you've left them and put it to good use.
Here is another scenario. Say you've gifted 20% of the ownership shares to your son and he dies. Your DIL then gets hooked on dope and wants money to run off with a migrant worker to Oklahoma or something. Who in their right mind would want to buy 20% ownership in land where they cannot exercise their rights ass owner. No one. So that leaves her having to make a fire sale to someone inside the family and to prod her on her way you can also remind her that her share of the land taxes are due before the end of the month. ;-)