awakeningat40 t1_jaeanu7 wrote on February 28, 2023 at 8:33 PM

Reply to comment by Creative_Angela in Should my husband and I buy a house with my in laws by [deleted]

Are you getting the mortgage, going to be on the mortgage? If they don't pay, it can affect your credit.

Is there a reason they want to cut your sister in law out of the will? I know 2 families that did that. In both of them the siblings never talked again

Creative_Angela t1_jaecsco wrote on February 28, 2023 at 8:48 PM

So it's not 100% they don't like sister in law just that since we will be paying half the life insurance and on top of that my mother in-laws future social security/savings won't be able to afford her daily needs. So we're taking that responsibility. Sister in-law is unemployed and doesn't want to be employed so can't help. My only concern is that her husband also unemployed will convince her to go after it. I don't mind her kids getting the money to live a better life. Though I know the husband just will take it because everything is about him first.

Also even if we don't do the life insurance part we would have paid for his mother's living expenses regardless. Though I would prefer to just make a mother in law suit in our backyard for her. So I think she just wants independence and is why she wants us to do the life insurance and give the extras 200 a month to cover her living cost.

awakeningat40 t1_jaef1ei wrote on February 28, 2023 at 9:02 PM

I think all of you need to sit down now and discuss. Ask the sister in law if she is willing to split expenses and have claim to the house and any inheritance. I am sure she will say no.

Also, talk to an attorney because if you're in laws end up with huge medical bills, how will that affect you, etc.

peping12 t1_jaef4hb wrote on February 28, 2023 at 9:02 PM

Descendants of the owners have rights of ownership, regardless of who paid. As lo g as the name is on the deed everybody has rights. Unless, the will is explicit on what to do with the properties. If you want to go in business with family the best way would be to talk with a lawyer. This situation will not end well for any party involved.