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Updated over 4 years ago,
Gifting property to my children
Hey guys! I hope you all are doing well! I have a huge question that I hope you all can help me answer. I have a financial plan to purchase a duplex each for my children when they turn 5 years old, hopefully have the property paid off when they turn 20, and dispense all Cashflow from the properties into their personal accounts monthly. With that being said, I know there are a lot of legal hoops I would need to jump through in order to do that successfully and I was wondering exactly how would I transfer the property over to them. Any help is appreciated!