A new take on gift of equity: Turn it into an investment (Los Angeles Times)
Story date: 2007-11-25 12:30:31
Added on: 2007-11-25 05:00:23
Gifts of equity within the family are common. Parents often provide the down payment on their child's first home purchase. Many parents, however, can't afford a sizable gift; among other things, they may be concerned about the adequacy of their assets for retirement. Yet they might welcome an opportunity to help their children if it took the form of a reasonably safe investment yielding an ...
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