Tag: inheritance
Robin Valentine with son, Alexander, and daughter Alanna. There is joy in owning one’s first home. But homeownership has a deeper meaning for Robin Valentine. Unlike her late mother, who was unable to leave any money to her children, Valentine will one day pass on the house that she purchased last September to her thr…
Every year, older homeowners leave billions of dollars worth of the wealth locked up in their houses to their adult children. This is a paradox if one considers that home equity is one of retirees’ primary assets and could be a crucial source of income for people who are “house rich and income poor.” Retirement…
