QUESTION
Can my wife and I lose the home if mom put my brother in charge of all her things?
Asked on Apr 28th, 2015 on Estate Planning - Michigan
More details to this question:
Deed is in my and parent’s name. Loan is only in the parent’s name. Dad passed away and mom is in a nursing home. House is out of state. She lives along with sisters and brother.
2 ANSWERS
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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I do not understand the facts here.. Apparently you purchased the house you live in with your parents as primarily liable on the mortgage. Your name and your parents is on the deed. Now your dad has passed and your mom is in an out-of-state nursing home. You want to know if you could loose the house.. Probably not but with that set of facts there are a lot of loops and twists so you should pay for a an hour of an attorneys time to be sure.
Answered on Apr 30th, 2015 at 12:27 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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It the taxes or underlying mortgage are not paid you are in danger of losing the home, if it is sold you would have to sign off your interest.
Answered on Apr 30th, 2015 at 10:31 AM