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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] We did it. We own 1/3 of the house. The mortgage payers can claim the interest on taxes. They pay the mortgage. Upon death, it is theirs . Or, if they sell, my part is returned, or they can refinance and buy me out. What your intentions are regarding a divorce, have more to do with what you decide. Spouse can just leave Spouse can buy everyone out House sells, and my $$ is returned, they split the rest . [/quote]
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