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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous]We gifted our son a very large amount of money for a new home and we certainly thought about the spousal issue. Our lawyer even suggested that the home only be in his name. He knows that we have a trust set up for him and his children that would not be part of marital assets and he certainly understands why. But we decided that he's a smart adult and he needs to make his own decisions. Requiring our DIL to sign something specifying that that money must not be included in their marital assets would really affect the excellent relationship we have with her. [/quote]
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