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Reply to "Protecting money you gift adult kids for a house"
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[quote=Anonymous]I am the DIL in this situation and I am more than willing to sign a pre-nup for the down payment gift my MIL gave us. That's because I realize that she's doing it for her family, and not for me, per se. I also know how very hard she worked for her money. And, I benefit from the money regardless of the prenup: I'm on the deed, so I get all the appreciation from the house (well, 1/2 if we split up). I also benefit from living in a great house in a good school zone close to work. Basically I don't feel like I have any right to MIL's money, and she's giving me a lot just by helping us buy the house. However, I never would have agreed to her actually being on the deed. That is crazy talk. DH has the right to get back the money she gave him out of the house sale (proportionate to any loss) and that's it. We needed an additional mortgage to cover the balance on the house, and it's just DH and I on it. [/quote]
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