by Scott Christianson, CFP®
Executive Vice President
Portfolio and Wealth Management
The current residential real estate market continues to apply pressure on potential home buyers, with many feeling the constraints of high housing prices and relatively high interest rates for mortgages.
With affordability being a challenge for many, we are frequently asked about the best ways families can help the next generation with buying a home. In this timely article, the estate planning team at Charles Schwab discusses important considerations and common options, such as gifting money, placing the property in a trust, establishing co-ownership or making an intrafamily loan. With the right structure for your family, assisting the next generation with the purchase of a home can be the leg-up they may need in this competitive market.
Read the Charles Schwab article here.
Ferguson Wellman, Octavia Group and West Bearing do not provide tax, legal, insurance or medical advice. This material has been prepared for general educational and informational purposes only and not as a substitute for qualified counsel. We believe the information provided is from reliable sources but should not be assumed accurate or complete. You should consult qualified professionals to understand how this information may, or may not, apply specifically to you.
We believe the information provided is from reliable sources but should not be assumed accurate or complete.