Internal Revenue Service | Law Firm Newswire

Fairfax, VA (Law Firm Newswire) October 28, 2014 – Parental cash assistance for a down payment can actually shield a family’s wealth from probate in the future. The recent recession seriously impacted the U.S. economy and noticeably changed the socio-economic fabric of the country. In that environment, more young adults opted to live with their parents in order to save money. Now that the economy is recovering, another change has helped reverse the earlier trend: more parents helping their grown children accumulate a down payment for a house of their own — an act that also fits in with some […]

Continue reading full article »