Parents giving adult children homes, consider renting/selling gifted house for financial benefit
From Yahoo Finance: 2025-05-08 21:40:00
Half of parents with adult children offer financial support, with some giving homes. Consider options like renting out the gifted house for extra income or selling it for a lump sum. Factors to weigh include potential rental income, property value appreciation, tax implications, and future retirement plans. Consult an advisor for guidance.