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Reply to "Thoughts on buying a house with my mother.... "
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[quote=Anonymous][quote=Anonymous] Why does her name have to be on the house at all? Can't she just give you the money and the house goes in your name and your husband's with the understanding that she'll live in the MIL suite? [/quote] That's not a good idea for the mom, as she could be kicked out if OP and her husband decide they don't like the arrangement. I'd think a simple joint tenancy with right of survivorship would work. Property passes to the remaining owners when one party dies, then, assuming that's mom who has died, OP and her DH can retitle it as tenants by the entirety. Talk to a title company or a real estate lawyer, OP.[/quote]
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