The Joys of Home Ownership: Balancing Financial Support and Tax Consequences with Real Estate Wealth Transfer Strategies

For high-net-worth individuals, the art of wealth transfer extends beyond merely providing financial assistance to future generations; it’s about strategically positioning the next generation for personal success and knowing how to navigate a complex landscape of income, gift, and estate taxes. And when it comes to providing assistance to help loved ones achieve home ownership or favorable living arrangements, determining the best approach will require consideration of several factors that also include the tax implications and consequences.