My home is now in the family trust belonging to my parents, which I am the sole executor to, but I want my name on the title for extra protections, and to be able to file my tax returns in my own name. My parents won't add my name, but they have not invested a single dime in this home. I paid $25,000 down, $9,000 for move in renovations, and $20,000+ in repairs since, plus directly paid the mortgage company from day one with no missed payments ever. What rights do I have, if any? I either want my money back (that i've invested), or I want to force them to add my name to title...can I do that? I don't want to walk away from the equity I have built up..it's over $80k at this point. Thanks.
2 Answers from Attorneys
You don't have any equity in someone else's home. Inheritance is a speculative privilege that may or may not occur in the future. Your story doesn't make any sense. How do you pay money down on something that you don't even own.
Forgive me if I am incorrect, but I don't think you have any ownership in the home.