Back

*Niche request, please boost:*

Looking for input and expertise in **how to legally co-own a multigenerational family home** where seven of us live.

Two married couples with kiddos, plus a mother-in-law, all on the same property, living in what is essentially a single unit.

Our goals:
* giving all parties a fair share of home equity, given that one of us paid more for down payment and the rest of us pay for mortgage;
* minimizing complication + taxes when oldest person passes away;
* not paying a ton of money to a lawyer to handle this
* still able to put some/all of our land into conservation, eventually

Ideas:
Tenants in common with a co-ownership agreement? A complex trust? A coop or LLC?

EDIT: I'm in Massachusetts, USA