They are between a rock and a hard place, your cousin should be engaging in attorney in the and an accountant to determine what exactly to do. Given the fact that they are no longer married she would have no spousal rights in the event of his death preceding hers. Therefore any inheritance that he might receive would not go to her. This is a relatively complex area and there are various things that might be done in order to help her situation. They should both be seeing a estate planning attorney to determine how precisely to title to read various assets and what to do regarding their expectancies.
Answered on Aug 20th, 2015 at 4:15 PM