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A couple of scenearios. If you make a will, you can bequest the house as you indicated...among your wife and three children in whatever percentages you desire.
If you die without a will, then the NC law takes over and yields the following:
If the decedent is survived by two or more children, the surviving spouse gets an undivided one-third interest in the real property of intestate estate, plus the first $30,000 of personal property and one-third of the remaining personal property in the intestate estate. And the children get the balance of real and personal property.
Yes I have. You are the sole owner up to the point of your death, unless you change title to both of you during your life. If, at the time of your death, you remain the sole titled owner...then who inherits is dependent , as I indicated. on what you do in a will or what occurs by law with the property if you have no will. Can I help further? I trust that is clear now.
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