Can you shed any light on this subject?
My mother is now a widow and has decided that she wanted just one of her remaining 3 children to have her house. There is no way that he could qualify to pay her what the house is worth, so in secret they did some kind thing where he gave her a small amount of money to buy a mobile home, which is her primary residence and he lives in her home which is now his primary residents She mentioned that he does owe her a lot of money but she doesn't mnd that she will never see the money he owes her.If they quick deeded the house to get he and his wfes name on the title, and something were to happen to her passing away, do us other sibling share any claim to a portion of the house? He pobably ony owes 20% of the house,but I don't have any docments to prove anything at this time. Becau tey kept this transaction very secretive, and we think its because we would have wanted her to get paid properly for her only asset
Can you shed any light on this subject! Any info would help.
Thank you. Rhonda