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Personal Finance (Not Investing) • Gifted cash for home purchase to single son, for now!

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Probably considered joint property in some states if the girlfriend pays rent towards the mortgage or pays utilities, etc. If he needs help from you, he probably will need help from his girlfriend. It is a gift, and he can do what he wants with it.
No, this is incorrect unless she’s on the deed. A tenant doesn’t get ownership in a property by paying rent, even if they’re in a relationship with their ‘landlord’. It only becomes an issue if they get married or if they live in one of the very few states which have common law marriages.

Statistics: Posted by Bloomie25 — Wed Mar 20, 2024 8:40 pm — Replies 7 — Views 545



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