Connecticut  |  Real Estate Law

Legal Question

Asked on: 3/20/13, 6:01 pm

In Connecticut: My stepfather passed away, and my mother received a large life insurance sum. She wants to buy a house in cash, but in my name. She will live in the house (for free) and I will legally own it (from afar, I do not live in CT). Are there any legal issues I should be concerned about? Am I unwittingly going to be legally compromised in some way for some unforeseen reason? And can she directly pay the property taxes, or do those have to come from me? Same for home owner's insurance. And any other payments and costs I'm failing to note. Thanks for your advice!

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