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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous]We had friends over this weekend. We were discussing how expensive housing was becoming in our city. Friend's husband said he can't imagine how our teen kids would be able to buy a home without parental help. My friend said she is willing to help their kid with a down payment if the hypothetical future spouse signs a prenup or the house is in the parent's name or if the grooms family gifts them the same amount. I thought this was a horrible idea. She was worried money would be lost if they divorce. Seems tit for tat. As if she can demand money from his parents to equalize it. I think when you give money like that, there is a risk. I would only gift what I am okay with losing if they divorce. When I gift it, it's not mine anymore anyway. DH and I share everything, including inheritances. They do separate finances. Not interested in discussing the legal aspects.[/quote]
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