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Adult Children
Reply to "How much financial help are you really giving your adult children?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We gave our only DS our McLean house, worth about 3M, when he got married at the age of 27. We also set aside 1M for their kids future education, and paid off my DIL 80K in student loan (DS was college’s debt free). DW and I live in a two bedrooms condo. YMMV.[/quote] Those are life-changing gifts. So you downsized into a condo and transferred the title to your son and DIL? Any cost to him or you for this transfer? We are in a similar position with our DS. [/quote] I'm interested in this as well...for a much more modest property, lol...but I want to move in about 5 years and maybe would keep the property in the family...my other option would be to become a single property landlord.[/quote]
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