Manner Property Group Blog

A Gift…

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One way to keep adult children closer to home: gift them a piece of the house.

Most of the time, down-payment assistance from parents comes in the form of cash. But gifts of home equity are another option to provide financial assistance while keeping a high-priced home within the family.

Gifting equity in the family home “can be a nice way for a parent to help a child afford something larger in a better neighborhood,” said Katherine Dean, head of wealth planning for Wells Fargo Private Bank, which has seen a recent rise in higher-net-worth clients gifting equity. 

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