Buy Each of Your Kids a Home in Orange County
How one family used a smart strategy to help two adult children own homes in one of Orange County’s most desirable coastal communities.
Quick Snapshot
Client
Couple age 70
Goal
Help two adult children purchase homes
Location
Corona del Mar, CA
The Situation
A couple in their 70s wanted to help their two adult children purchase homes in Corona del Mar.
The challenge was simple: the children wanted to own in South County Orange County, but could not afford to purchase homes there on their own.
The Goal
The parents wanted to provide meaningful support while they were still alive.
Instead of waiting to pass down assets later, they wanted to help their children today and create a long-term structured financial product to protect the family’s wealth.
The Strategy
The parents utilized an engineered structured financial product to help each child purchase a home.
The structure included:
- Parents Funding: $100,000 per child per year
- Funding Time: 5 yrs
- Total funding per child: $500,000
- Each child purchased a home using an interest-only loan
The Timeline
The Result
Get
to see their grandchildren everyday!
Provide
an early inheritance during the parents’ lifetime
Create
long-term protection through bespoke financial instrument
Build
a future source of mortgage support
Secure
homes for the next generation
- Bottom Line
Instead of simply gifting money or waiting for a future inheritance, the family used real estate as a strategy to create housing, protection, and a long-term tax-free legacy.
Thinking about how to help your family acquire real estate?
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