Well, I see that I am not allowed to edit my posts so I hope anyone answering will read this before posting a reply. This an evolving agreement and things have changed. The new agreement is the following, and this is very close to what the final arrangements will be:
A friend has a...
Hi,
A friend has a revocable living trust. She would like to sell an option to buy a 50% interest in her house, to be executed at the time of her death.
The option would be to purchase 50% of the property for $600,000 with an option payment of $340,000 . If the option is not exercised the...