My older sister and I co-own a home where my son lives. What happens if she dies?

When one co-owner of a shared family home passes away, the surviving co-owner usually becomes the sole owner unless there's a specific will or legal arrangement dictating otherwise. In this case, the older sister's death could lead to complications if no clear plan is in place, potentially impacting the living arrangements for the son, daughter-in-law, and granddaughter. Understanding the legal implications, like probate and potential property taxes, is crucial for ensuring a smooth transition and protecting the family's interests. This scenario underscores the importance of clear estate planning to manage property ownership in family situations.