What happens if my grandpa doesn't leave my mom the house she half owns?
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Anonymous
And math, it matters. She owns 1/2. "In 1990 my parents and grandparents (mom's parents) went in 50/50 on a lake cabin." |
Anonymous
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She needs to review the deed to see if she has a right of survivorship.
If she doesn't, she will co own with whoever inherited his share. She could buy them out, they could buy her out, or they can sell it and split the proceeds. If the person inheriting is family, they may agree to let her live there if she covers maintenance, or credit her with what she spent on the house if they buy her out or sell. Otherwise, I doubt her paying for costs on a house she owns will be legally enforceable as an agreement for her to own his share as real estate agreements generally need to be in writing. |
Anonymous
Yes that 50/50 purchase way back when may have had a right of survivorship, which sundown grandpa may have forgotten about in his disinheriting rants. |
Anonymous
| Isn't she on the deed or title of the house? Whose name is on the property tax bill? |
Anonymous
No she’s a 1/2 owner now. |
Anonymous
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You really need to talk to the lawyer because the amount she’s paid over the years in taxes and assets may create a constructive lien against the other half of the property. The siblings might have to pay her back and that might be enough to get them to release any inheritance on the property.
It’s also possible they could come up with some arrangement that reflects that he is paying her for the caregiving role by giving her the other part of the cabin. |