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I was thinking of putting the house into some sort of trust/LLC, the gift to the kids , which would be used in paying down the mortgage would then be them paying for shares in the real estate LLC (which would also serve the purpose of providing a layer of asset protection), rather than just a mortgage payment

If you are still considering this, find out what this will mean for financial aid if they go to college.

Also, consider that many parents have thought it a lovely idea to share ownership in their home or business with their child(ren) only to end up selling before they wanted to because the child(ren) wanted the money.

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