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Updated over 10 years ago on . Most recent reply
In a good spot?
Fathers giving me the house when.. God forbid.. When he passes.
I do want to help him pay down the house. But I'm feeling that I should invest that money in other areas. I'm ABSOLUTELY happy with living at home and accumulating wealth. Haha.
So pay down the house or not to pay down the house. I guess that is the question. Any other strategies or bigger picture thought on this would be great.
Thank you for you time.
Most Popular Reply
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@George M. - Not saying your father would screw you over, but if you are considering putting money to pay down his mortgage with the thought of inheriting it some day - it would be best to have something in writing. At least a transfer on death deed
http://www.nolo.com/legal-encyclopedia/transfer-death-deeds-real-estate
- Brie Schmidt
- Podcast Guest on Show #132
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