Also, it might be easier to finance a property as you can move into it and have it as your primary residence and put as little as 5% down payment.Disadvantage:  If you are sued for something to do with that property and it is not covered by your insurance then it can be on you personally.Incorporation Name:Advantage:  Easier to pay on to your kids or sell to other people as you sell or bequeath the company and the properties go with it. 

You can also benefit from agent referral commission that the brokerage pays you in perpetuity that can be bequeathed to your heirs @Trevor Aydelott.  

Bequeathed?

My questions are:1) If the parents had no will specifically bequeathing the property to their daughter wouldn't both son and daughter have equal claims to the property?

What contract should I do to get the house bequeath to me before paying legal fees?

In her case, there's a will, heirs, assets left behind to be bequeathed, and the whole process to about a year and a half.

I dont think he will be bequeathing any property because he wants the money from property’s to go into a trust for the grand kids.

The property was bequeathed to me by my mother-in-law as her Successor Trustee.

There are advantages to bequeathing Roth IRA. 

Another is probate leads--you can visit your courthouse, ask them to see the probate records, and then see who has died, who their heir is, and if they bequeathed a property.