Great answer. We bought our son and DIL a house with the understanding that they would buy it from us because they couldn't qualify for a loan at the time. I've concluded at this point 8 years later that they are never going to buy it back.

However, they paid us back our down payment plus an additional sum, so we benefited financially from the deal, and they make all the payments, all upkeep, etc. It's in our name but for all intents and purposes, it's theirs.

We're okay with it at this point, as it provides them and their 4 kids with a good home and we got our money back out. But in our will, the house along with all our other properties and assets are divided equally among the 3 kids, so then the other 2 will have some ownership in the house. The other two bought and paid for their own houses.