“Hello Dr Ro, I’m really hoping you can help me.
I’ve worked most of my life and I’ve paid off all the mortgage on my house. I have two children. One of them is 27, the other one is 34. Both of them have asked me if it would be possible to lend them some money from the equity from my house. The biggest challenge that I have is that I really am just not sure of the benefits, because I figure in the future at some time, I’m going to pass away. My house is worth around about £400,000 now, and maybe in about 10 years or so, it will be worth about £800,000. So I figure I was just going to leave them the house and they can have the equity when I pass away. What are your thoughts on that?”