Inheriting Property

Dear Len & Rosie,

For 24 years I have lived with my mother. I have been her care giver for the past 14 years. I gave up a lot of my life and personal happiness for her. I am not sorry I did this. My sister told me that she did not want to take care of mom, and that I could have the house if I did. She lives in another state and rarely visits.

Mother gave me one-half of the home so that we could borrow against the property. We qualified for the loan on my salary and her equity, and spent almost $100,000 on repairs and improvements. I pay the mortgage payments, taxes and insurance. The home is now worth $400,000.

Now my sister complains that she is being cheated out of her fair share of the home when mom dies. My sister says that she feels that this is cruel and that she is being punished for "living her own life".

I have tried to explain to my sister that I have paid for the house and cared for mom, and that the house is my retirement investment. She doesn't accept this, and I know she is going to cause trouble when my mother dies.

Donna
Read MoreInfo
Written by Len Tillem On Tagged , , , , , ,

Mom died, but nephew won’t leave her home

Dear Len & Rosie,

My mother died one week ago. She has a trust. I am the trustee. My 33-year-old nephew (her grandson) has lived with my mother from the time he was 18. In the last few years he has gotten into drugs. Two weeks before my mother died, my nephew took her to several banks, and coerced her into giving him $2,950.

We did an intervention on him. He was told to go to treatment or go to jail. He said he would enter a drug rehab program but of course he didn't do it. I changed the locks on mother's home, but a police officer said I have to let him back in because he gets his mail there. He lived with my mother for fifteen years and never paid her a dime. Please help.

Karin

 

Read MoreInfo
Written by Len Tillem On Tagged , , , ,