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Financial Planning / Tax Strategies


Subject:  Re: First-time home-buying question Date:  6/3/2003  9:55 PM
Author:  5000fingers Number:  65677 of 127745

IMO, someone who expects to be on title and to receive benefits such as appreciation is not making a gift. I would guess that they are creating some kind of bass-ackwards, oral general partnership that is completely ill-defined and which will be a real mess, BWDIK?

Actually, they are going to have a lawyer draw up an agreement about the particulars of equity sharing, survivorship, etc.
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