skip to Main Content

Should we help our Kids into Property?

This is a very good question.  Answer – it depends.

It depends on:

  • Can you afford to?
  • Do your kids deserve your help?
  • Do your kids need your help?

If the answer to the above questions is yes, here are a few tips:

  • Obtain legal advice
  • Don’t give a guarantee
  • If a guarantee is unavoidable, ensure it is a limited guarantee
  • Obtain legal advice
  • If you can, give the kids the cash but via the lawyer at settlement time

And lastly obtain legal advice.  The last thing you want to happen is for things to turn nasty with family.

Yes I’ve repeated “obtain legal advice”, but that’s how important it is.

Back To Top