Personal Financing Advise for New Build

[Daniel Bloomfield]

My wife and I are in the process of possibly looking to build a new home, though we would also be looking to add an apartment above the garage which my father-in-law would live in for the foreseeable future. Benefits for us, this would give us options down the road for an EDU or possible home expansion. What I'm currently trying to navigate is how to best set up the money side of things. My father-in-law has offered to provide the funds to build the garage/apartment which in return would act a the down payment towards the house for my wife and I. With that portion being roughly 200k, my father-in-law can't simply give us the money as there is tax on gift payments above 15k to my limited knowledge on the subject. I'm assuming our best route would be to have my father-in-law also on the deed though I was wondering if there are any additional/better options that may work in this scenario as well?

Thanks in advance, any guidance at all that can be provided is greatly appreciated!