Can a Trust Include Payment Terms for Buying a Child’s House? | NC

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Q: Can a trust include payment terms when parents are buying part of a house from an adult child? A: Yes. A trust can include instructions for how the trustee should handle the home, the parents’ right to live there, ongoing payments, expenses, and what happens if a balance is still unpaid after both parents pass away. But the trust should not be the only document that explains the purchase. The…