I have ask this before, but this will probably happen within a month. I'm buying a house for our son. This will be a gift, but I wonder, should I just gift him the money and fill out the IRS form that says it is part of my estate and subtract it from our lifetime gift exemption and be done. Or buy the house, give him a mortgage and then we gift him $34,000 a year to pay down the mortgage. I don't see an advantage over either, but asking.
Also do you see a better way to transfer some of our wealth and buy him a home?
Mikek
Also do you see a better way to transfer some of our wealth and buy him a home?
Mikek