Talk of The Villages Florida - View Single Post - Age to Buy
Thread: Age to Buy
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Old 09-06-2009, 12:32 PM
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njbchbum njbchbum is offline
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Quote:
Originally Posted by bsliny View Post
Boomer You say there is a lot of reasons to allow people under 55 to live in the villages
But you don't say what they are I'm just curious to hear what they are
I'm not Boomer and Boomer has already posted thoughts this morning...but I would like to offer that one reason for allowing a percentage of under 55 yr old owners/residents is because they may have inherited the property from parents who have passed on. To deny them use of that property until they are 55 yrs of age might be a legal battle of a different sort.

Another thought is that the preparation to assume legal responsibility for one's parents might require that those parents place their assets in their children's names so that there are no financial or inheritance issues when those responsibilities are assumed.

Just my thoughts.
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