When someone is younger, a small amount of money is a major needle mover in quality of life / stress reduction, and a head start in compounding gains via business and house. Don’t make the kids wait for you to die. Handle this stuff early.
Our oldest daughter bought her first house (HUD) house at 23. She spent the last few years fixing it up. We gifted her all new floors. Now she's moving and felt she had to sell it (needed a new roof for insurance and to rent out). No way! We put on the new roof and will take over the mortgage until she can afford to be away *and* keep the house via rental income. Silly to sell any asset with a 2.5% mortgage.
@Cernovich She sent this note from her insurance guy just minutes after I posted. So proud of her! ❤️