Reply to It's me - the DIL with the in-laws and drama around their cabin.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Once he receives 1/3 of the cabin, does it become joint property? If not, then I would execute a document that states you are entitled to 1/2 of your DH's share if you are contributing 1/2 of the expense.[/quote]

FWIW I wouldn't want to contribute AT ALL.  I would tell DH he needs to sell his portion to the siblings OR they need to collectively sell th cabin to pay for her care.  PERIOD.[/quote]

+1 except DH doesn’t have any “portion” yet because MIL is not deceased!!
The siblings are all counting on an inheritance that isnt coming because mom clearly needs revenue to pay for her care and living expenses—and the only place she’s going to get that is from income of sale of the cabin she owns.
Siblings need a reality check that an inheritance comes AFTER your relative dies. The 1/3 ownership is not a thing bc the house belongs to DH’s mom. Sis needs to be a responsible POA and sell the cabin to pay for mom’s rent and care.
If there’s money left after OP’s MIL dues (there won’t be), then DH can get his third. Not before that.

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This. The whole plan is insanity. I would hope an ethical banker would not approve a HELOC or reverse mortgage but there are a lot of unethical people out there who will do things they know are wrong just to collect the fees. Tell DH the value of the cabin will be completely consumed by MIL's care and it is foolish (and financially wasteful) to try to hold onto it. [/quote]

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