This is a continuation of the previous thread about the

If your spouse is the only name on title then the asset is legally not yours and this means that it will not form part of your estate and you cannot give it away.

The caveat doesn't give you or the estate ownership rights.

Dower rights are about possession and this would not apply if you died.

I don't know what there is in the US but when I was on this site for a long time I chose that name. I made it up and thought it was brilliant though my kids didn't agree.

Anyway, after a long while I changed it.

You can have a contract with your spouse but adding your daughter's name on title is not that great an idea as it may cause capital gains tax problems if this home is not her principle residence.

No.

You said you were thinking about putting her name on title. If she doesn't live there and especially if she has another home, if the house is sold down the road, perhaps even after both of you die she will have to pay capital gains tax as the only exemption is for principle residences and this may not be hers.

So an agreement with your spouse may be best.

No she does not pay tax on an inheritance.

Yes that agreement makes good sense.

You don't file the agreement anywhere but make sure your daughter knows of it.

No but you need a lawyer to do the agreement and she needs her own lawyer for independent legal advice.

I know it's not a separation agreement but if you want to be sure this is a binding agreement your spouse needs independent legal advice.

No I am not permitted to do that unfortunately.

I don't know how to give a bonus.

I believe there should be a button that says "share" and from there is a drop down menu and you can chose to have the conversation emailed to you.

That's very thoughtful.

Thanks very much.

I always answer as soon as I can but I am a single parent of 4 kids so I have to do things like feed them!

Anyway, do you think you could send me the full provision?

I will be here when you need me. Have a good night.