‘We are not romantically involved’: I’m marrying my platonic best friend of 20 years. Should I leave him my home?

The discussion around leaving one's home to a platonic partner, in this case, a best friend of 20 years, raises interesting questions about estate planning and relationships. The fact that the individual owns their home outright and has no dependents simplifies the situation, but it doesn't eliminate the need for careful consideration.

In the context of financial planning, leaving one's home to someone, especially a non-spousal partner, can have implications for inheritance and tax planning. Since the individual has no children or other dependents, the decision may come down to personal preference and the nature of their relationship. The statement "we are not romantically involved" is an important clarification, as it suggests that the relationship is not subject to the same societal or legal expectations as a romantic partnership.

As for what's next to watch, it would be interesting to see how this situation plays out in terms of estate planning and potential future disputes. The friend's expectations, if any, and how they align with the homeowner's wishes will be crucial. Additionally, considering the tax implications and potential benefits or drawbacks of leaving the home to the friend versus other options, such as a trust or charitable donation, may also be worth exploring.

Originally reported by marketwatch.com. BondNews adds analysis for finance & markets readers.