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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We gifted our daughter $50,000 towards a house with the understanding that this amount would be deducted before her inheritance from our estate was calculated. This was put in writing and I'm sure could be used in any divorce proceeding as a way to increase her equity in the house. [/quote] Sounds like its a marital asset.[/quote] They both love in the house? Absolutely a marital asset.[/quote]
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