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Reply to "Giving your married child a down payment, then divorce "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are giving them 20%, then put your name on the title[/quote] OP here. Please Walk me through how this is treated if three adults are on the title. [/quote] My mil did something similar with her daughter. She still owns 20% of her home. Interestingly their son helped them buy a home by putting down a % When it came time to sell he got his % back. They sold their retirement home to move into a smaller senior community. It worked out for them. I would assume that in your case the divorce would mean that 80% of the house is communal property. Do you have other children? You would most likely want to specify who gets your portion of the house[/quote]
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