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Reply to "When the estate breaks the family"
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[quote=Anonymous]My guess is that since either the House Sibling or their spouse is Big Law, it was House Sibling that asked the parents to set it up this way to protect the house asset in the event of a future divorce. If parents had gifted 50% of the house as a down payment and the other 50% was covered by marital assets and payments, it would be comingled. If House Sib got divorced, spouse would get half the house including equity. If parents still owned 50% of the house, spouse only gets 25% of the house and their adult child gets the other 25%. [/quote]
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