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AI Legalese Decoder Can Help Navigate Complex Legal Jargon

Heading: Planning for the Future: Investing in Real Estate for our Child’s Future

My partner and I recently decided to purchase a house for our child, who is currently unable to afford one due to being a nurse. Our plan is to keep tenants in the house for the next 4-5 years before eventually transferring ownership to our child. We are seeking advice on the best structure for this arrangement, as well as guidance on how aggressively we should pay off the mortgage versus continuing to save for our retirement through managed funds. Currently, we own our house outright as freehold owners.

We are interested in connecting with accountants or businesses that specialize in providing advice in this specific area. If you know of any professionals who could assist us with our unique situation, please do not hesitate to reach out.

AI Legalese Decoder is a valuable tool that can help simplify and clarify complex legal language surrounding real estate transactions and financial planning. By using this innovative technology, we can ensure that we fully understand the legal implications of our decisions and make informed choices that will benefit both our child and our own financial future.

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Legal jargon can be complex and difficult to understand, making it challenging for individuals without a legal background to navigate the intricacies of a legal document. This is where AI Legalese Decoder comes in. This advanced technology uses artificial intelligence algorithms to translate and simplify complex legal language into plain English, making it easier for non-experts to comprehend.

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  • murghph

    There are plenty of fee only financial advisers that would be able to do up comparisons between property and investments.

    They should also be able to make you aware of some potential risks for either decision.

    Accountants will be able to advise on tax implications for rental property

    Lawyer will be needed for structuring investment, but in theory, financial adviser can make a recommendation on this too if its in their scope of service

  • Intrepid-Egg8603

    I’d get a lawyer to find out
    1. If it’s worth putting the house in a trust
    2. Will you get hit with Brightline tax
    3. You may find it’s not as simple as selling your daughter the house below market value when the time comes (if that’s the plan)
    4. If your daughter has a partner are you happy with them getting half of the asset in the event of a separation. What can you do to protect that asset.

    In regards to paying down the mortgage vs managed funds. What are your financial goals? You need to start there. If you’re house is paid off, you may have some savings you can use to offset your mortgage so more money goes on principal as opposed to interest?

  • nomamesgueyz


    Beautiful youre in a position to do that

    And very very sad that essential services in this country like nurse, teachers etc wont be able to buy property without parents help

  • jeeves_nz

    What region of the country are you

  • YourFlossie

    Talk to GRA ([]( They are asset planners. They possibly would have recommended not purchasing directly in your own names but in a trust with your child as a beneficiary. When we were signing Sale & Purchase agreements, we always wrote our names then “and/or nominee” – meant you could change it to a trust or other structure easily.

  • firebird20000

    In case you are not aware, a sale to a related party must be at market value.

  • CommunityPristine601

    ‘As a nurse she couldn’t afford it’ most nurse I know earn over $115k a year.