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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous][quote=Anonymous]My aunt and uncle bought my cousin's house for them. Cousin paid (or still pays) all associated costs. His ex wife thought they were being helpful, but they didn't want to give them money. When cousin and his wife divorced the house wasn't part of it. MIL and FIL gave us the down payment for our house. I'm not sure anyone considered what would happen to it if we divorce.[/quote] I have a relative that did this. The parents bought a townhouse for a daughter whose marriage was on shaky ground and, sure enough, they divorced. XH got nothing from that property.[/quote]
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