racy
Full time employment: Posting here.
- Joined
- May 25, 2007
- Messages
- 883
We have 2 sons both mid-30s both married. We plan to buy a house for the younger, not working, disabled son to live in rent free. We'll own the house and will add it to our revocable trust assets. So, upon my & DW's death the trust will distribute equally to the 2 sons. (Maybe the younger son keeps the house as part of his share). So, I think the value of the house gift is taken care of as to the fairness issue.
However, the younger son will also benefit by not paying rent, which he currently does ($650/month). So, how do we make this fair for the older successful son? An annual check of $7800? A lump sum now factoring in my wife's 19 more years of life expectancy? Or, other better ideas?
(BTW, the older son knows what we're doing for his younger brother and is OK with it).
However, the younger son will also benefit by not paying rent, which he currently does ($650/month). So, how do we make this fair for the older successful son? An annual check of $7800? A lump sum now factoring in my wife's 19 more years of life expectancy? Or, other better ideas?
(BTW, the older son knows what we're doing for his younger brother and is OK with it).