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lapucelle

(21,084 posts)

1. It's a gift of love.

Fri Apr 14, 2017, 11:24 AM

Apr 2017

Imagine how it makes him feel to know that he made your life better. You got the house in the BEST possible way...a cherished possession was passed down to a beloved grandchild while the donor was still there to relish the wonderful emotions and appreciate your gratitude.

Best of luck to you, your family, and your grandpa. May he be your honored guest at many future holiday gatherings.

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Well, in the second worst way possible, I just got a new (to me) house [View all] OriginalGeek Apr 2017 OP

It's a gift of love. lapucelle Apr 2017 #1

Hot dang you are right! OriginalGeek Apr 2017 #3

Don't change things just because they're "dated" greymattermom Apr 2017 #2

lol that's one of my biggest problems! OriginalGeek Apr 2017 #5

Careful with the throw rugs when Grandpa visits. They spooky3 Apr 2017 #9

I personally would not change a thing while he is still with you. dixiegrrrrl Apr 2017 #15

Yes you are absolutely right OriginalGeek Apr 2017 #16

I have a 1952 house. Delmette2.0 Apr 2017 #22

Wow, I almost forgot OriginalGeek Apr 2017 #29

Yes, you should get an electrician. Yonnie3 Apr 2017 #28

My wife just told me she thinks the power company will come out and inspect all that OriginalGeek Apr 2017 #30

She's right - It's the correct way to start. Yonnie3 Apr 2017 #32

I didn't see a thing OriginalGeek Apr 2017 #34

Make sure you inherit the house, don't let him give it to you now. MiniMe Apr 2017 #4

Yes that is one thing he specifically said OriginalGeek Apr 2017 #8

Maybe you could consult with him about any changes to the house lunatica Apr 2017 #10

yeah he's not afraid of giving his opinion OriginalGeek Apr 2017 #12

You might consider him putting his assets in trust with you as trustee, avoids probate. Hamlette Apr 2017 #25

he does have a good lawyer OriginalGeek Apr 2017 #31

lol, I picture my mom watching down to make sure the red bud tree is still there :) Hamlette Apr 2017 #38

And make sure you know where any of his records are..... lastlib Apr 2017 #42

Actually, it doesn't affect that at all MiniMe Apr 2017 #43

The determinant of the cost basis when he dies.... lastlib Apr 2017 #44

Like I said, that wasn't how it was for my Mom's estate MiniMe Apr 2017 #45

Or have him put it in a trust, with you on the trust too.. SoCalDem Apr 2017 #46

Agree, a trust avoids probate MiniMe Apr 2017 #47

You should get a property tax bill every year from your county tax office. It will come in Tess49 Apr 2017 #6

Check with your state about a 'homestead exemption' or the like. Stonepounder Apr 2017 #21

I'm in Oklahoma. Here, once you reach 65, if your income is below $60,000/year, they will Tess49 Apr 2017 #26

I will check into it OriginalGeek Apr 2017 #33

Sounds awesome to me ghostsinthemachine Apr 2017 #7

I inherited a house hibbing Apr 2017 #11

thank you and yes OriginalGeek Apr 2017 #14

One of the many reasons I love DU OriginalGeek Apr 2017 #13

Enjoy your new home.... magicarpet Apr 2017 #17

thank you for sharing a bit of your family story with us. your grandfather clearly loves you niyad Apr 2017 #18

Truly and sincerely thank you and everyone OriginalGeek Apr 2017 #35

Sounds like a good thing for you all. notdarkyet Apr 2017 #19

He loves you and helping you I'm sure has made him very happy luvMIdog Apr 2017 #20

Cool that your Grandpa made it to 95. panader0 Apr 2017 #23

Oh yeah he's totally with it OriginalGeek Apr 2017 #36

Quit Claim Deed DownriverDem Apr 2017 #24

GOOD family, GOOD house, GOOD times. elleng Apr 2017 #27

My sentiments, exactly. Lots to still be grateful about. JudyM Apr 2017 #37

You touched my Heart! furtheradu Apr 2017 #39

What wonderful news and this sounds like a win-win-win situation for all of you! Rhiannon12866 Apr 2017 #40

Re homestead exemption voteearlyvoteoften Apr 2017 #41