Millions of U.S. households have multiple adult generations. How do they divide up the worth of their home and the upkeep that goes into it? Who pays the mortgage, insurance, and property taxes? What happens if an owner leaves the home, or passes away?
A lot comes down to good deed planning.
In this discussion of vesting a multigenerational home, we check out the intersections of people’s lives and deeds.
Continue reading “Multigenerational Homeownership: How the Deed Is Vested”