We want to buy a house now that my son and daughter-in-law will want to own half of a year from now. We will buy with 50% down with a 15 or 30 year mortgage. My son will inherit half our estate when we die. How should we structure the purchase now and how will we transfer the half ownership in a year without triggering Federal Gift tax obligations?
1 Answer from Attorneys
Your question cannot be answered in this forum without more details. You really need to contact an attorney to achieve your results. Good luck.