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Reply to "In-laws are broke, DH has offered to help"
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[quote=Anonymous]Would it be possible to setup the house as a trust or corporation/LLC? The goal here is to keep the house and a roof over the IL's heads, right? So the money can go towards the entity where the OP's family has a vested stake and they have equitable ownership of that entity which grows parallel to their investment in it. So - the financial assistance goes towards maintaining the entity, not to the parents directly. Sorry, I'm not a finance person and the terms may not be quite right but I think there is a way to keep a roof over their heads without directly handing the money to the parents. And the OP's family holds onto the value of that money in the form of real estate interest.[/quote]
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