My question involves real estate located in the State of: Nevada. My husband and I are co-owners of a house. Upon my passing, 100% of my assets go to my son. Upon my husbandís passing, my sonís step-father, he is leaving his dividends from all his investments to me and then to my son, but the principal does not get transferred, it goes to charity after all three of us are deceased.
My concern regarding the house is that I want my son to receive my principal of the equity not just a dividend if I were to pass away before my husband. If I were to pass away first, my husband becomes 100% owner of the house and then if he sells the house, my son will never get that equity in principal, just the dividends off of it. My question is how can I add my son to the deed or some other approach that makes him 50% owner of the house rather than my half automatically going to my husband.
Thanks for any advice you can offer.