I'm a beneficiary, along with my mother and my brothers. My mom and I have talked about this as part of a potential retirement plan for her where if I want to upgrade to a bigger house in 5 years or so and she can rent out her large house (which she owns outright) as her retirement income.
> that could be an issue later
Who has potential to make this an issue? My mom given that she is the only remaining grantor?
yjlevg OP t1_j2frhrd wrote
Reply to comment by wickedkittylitter in Will using money from a trust for a down payment on a house trigger gift tax? by yjlevg
I'm a beneficiary, along with my mother and my brothers. My mom and I have talked about this as part of a potential retirement plan for her where if I want to upgrade to a bigger house in 5 years or so and she can rent out her large house (which she owns outright) as her retirement income.
> that could be an issue later
Who has potential to make this an issue? My mom given that she is the only remaining grantor?