re: "Estate" Planning: 75 yr old father & his mortgage

quote:

---

Oil & gas royalties. Enough to keep his mortgage & other bills paid but not enough to save much.

---

So his income is somewhere in the $2000-3000/ month range probably with sociall security and his Royalties?

Honestly, and I don't blame you, I think you are just over thinking it. If you don't want the house and just want to sell it for a profit, I wouldn't worry at this point. I'd just let your dad be happy and live his life. At this point I don't think it's worth worrying about an inheritance. I don't think there's enough equity to worry about your dad screwing something up by taking out another loan, I mean you are talking about somewhere around $20-50k each in inheritance right? I would just let him live, but again make sure there's enough savings to pay for his funeral, burial, and lawyers for closing out his estate.

I'd definitely make sure he has a will squared away to make all of that as easy time wise and financially as possible.