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Old 07-18-2018, 06:20 PM
Drewski Canuck Drewski Canuck is offline
 
Join Date: May 2007
Posts: 3,964
Default Hope for happily ever after, expect DIVORCE!!!!

This is my Stock in Trade. Pay attention or don't, I make more money the hard way from you that don't pay attention.

IF you are giving a gift to a married or unmarried common law Child to buy a House, the fight always is the same in the Separation when the benefactor says it was a LOAN or a gift to their Child only, and not to the Spouse / Partner.

A Trust Declaration on the money advanced can be registered on Title of a House as a Caveat. When you die, your Estate can decide how to handle it. If there is a breakup, the Trust interest is protected by the Caveat and there is no fight.

IF the Spouse / Partner does not like it, they can decide to accept the help or not. Their call.

This also ends a lot of fights between siblings over one Child getting more than another while you are alive.

Just for fun, if you don't want to listen to me, look up Sparrow v. Sparrrow Alta CA, and see the chaos a gift of a Cabin created when proper steps would have ended it all in the beginning.

Dream about what the bill might have been on that file on both sides.

Everyone understands the issue when they have to talk through their wallet.

Drewski
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