Keep Both Homes
Quick Snapshot
Location
New Port Beach, CA
Situation
Father’s health was declining
Goal
Help the son purchase the family home while supporting the father’s care
The Situation
A father over 80 was facing declining health and needed assisted living.
His son wanted to buy the family home, but could not afford it under a normal purchase structure.
Without a plan, the home would likely have been sold, and the family would have lost it.
The Challenge
The family needed to solve several problems at once:
- Dad needed care and income support
- The son wanted to keep the family home
- The son could not afford a standard purchase
- The family wanted both homes to stay in the family
- Future generations needed to be considered
The Plan
By creating a strategic purchasing structure, the son bought his father’s home at fair market value and generated additional cash flow.
This strategy supported the father’s retirement income and assisted living needs while allowing the son to keep the family home.
How It Worked
- The son purchased the father’s home at fair market value
- Additional cash flow was created to make the purchase possible
- The father received retirement income and assisted living support
- Both homes stayed in the family
The Result
Dad received care and retirement support
The son got the home and more financial freedom
Both homes stayed in the family
Future generations kept access to the family real estate legacy
- Bottom Line
One smart plan helped the family stay together, protect the father’s care, and preserve two homes for the next generation.
Need to solve a family real estate problem?
Kent helps families create real estate strategies that protect care, preserve property, and
support multi-generational wealth.
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