Not Old Cat, No need to thanks, My pleasure

I think it is better to do a loan than a will.

A will can be challenged as Single Old Cat said. The execution of a will is going to take a long time --- sell some of your asset(the house, in this case), payback your debts, arrange your responsiblilities (supporting your young kids to 18 years old and your spouse if he is unable to support himself). finally come to the stage of distributing whatever left --- this is your parents turn to claim the share.

The lawyer, who will do the house buying for you, knows how to do the loan paperworks. It is common that the money for house buying is not borrow from a bank, but from a individual (a relative a friend).
You and your hu*****and have equal titles on the house. You also sign the loan together. Each of you should be liable for the full amount of the loan, so that part of the loan will not disappear if one of you die. These are all very common terms, Your laywer knows.

Now you have to consider the payback terms. To best proptect your parents benefits, "The full amount should be payback within 30 days of date of your death." However, I strongly suggest that you do not treat your hu*****and so hard. You should discuss this with him, and arrange a payback term feasible for him -- say 5 years.
Do consider your hu*****and's situation in the event you die suddenly. He alone has to face funernal arrangements, daily life supports and worse, the accuations from your side of relatives and friends, either you die of illness/accident/suicide. Trust me, poeple who was heart-broken, turn their pain to anger, your hu*****and would be an easy target to blame. They are unreasonable for that peroid of time.
If it is an accident, he might be serverly injured too. He will need money cover the med bills and salary loss.
Be mercy, Give him some time to pay back your parents loan. Set an exception, that in case he is disable permanently, he does not need to payback the loan.

所有跟帖： 

• thanks a million for your info. One more question -豬寶- ♀ (185 bytes) () 05/04/2007 postreply 11:14:26

• your parents get the house -LiveInCanada2- ♂ (402 bytes) () 05/04/2007 postreply 11:40:25

• very knowledgeable answer. Thanks. I just called my lawyer -豬寶- ♀ (436 bytes) () 05/04/2007 postreply 12:28:44

• 回複：your parents get the house -豬寶- ♀ (183 bytes) () 05/04/2007 postreply 12:58:27

• 回複 -單身老貓- ♂ (1477 bytes) () 05/04/2007 postreply 17:50:24

• 老貓你也太酸了吧.我覺得你字字刻薄,不知是何用意. -豬寶- ♀ (560 bytes) () 05/04/2007 postreply 18:59:59

• 道不同不相為謀，算老貓多言了，請海涵 -單身老貓- ♂ (4 bytes) () 05/04/2007 postreply 19:18:54

• 好了,我錯了,對不起. 您是好人. -豬寶- ♀ (48 bytes) () 05/04/2007 postreply 20:10:14

• 真是不識好人心 -britannica- ♀ (194 bytes) () 05/04/2007 postreply 19:35:48

• 回複：真是不識好人心 -豬寶- ♀ (297 bytes) () 05/04/2007 postreply 20:04:34

• 老貓以其專業知識誠心助你, 不知什麽時候變成"狗拿秏子" -夢幻者- ♀ (131 bytes) () 05/04/2007 postreply 20:09:05

• 老婆愛來的壇子，俺隻是路過，也看不下去了 -ggww- ♂ (110 bytes) () 05/05/2007 postreply 17:03:39

• 單身老貓 is truely wise to see the potential problems -CPA- ♀ (369 bytes) () 05/04/2007 postreply 21:03:48