A house in WA state is currently owned by my ailing Alzheimer's Mother & paid for cash 100% by her about 4 years ago. She still has the house in her name. No-one is living in this house. She is currently in an assisted living center in TX close to myself & my wife. I am the durable POA & when the time comes I am also the executor of the will. There are 3 others to consider when that time comes for splitting up her estate. I have a family member who wants to move to WA & wants to move into my Mothers house with a "rent to own" situation. Is this even a possibility with 3 other people named in my Mothers will? What happens when "that time" strikes my Mother & this family member is in the house with a "rent to own" situation & family members will be expecting that house to be in the total amount of estate. This family member cannot get a loan due to a bankruptcy with a business about 4 years ago. They are stable & is a situation wanting to help them out but in a legal way that's doable. Any advise?
1 Answer from Attorneys
Very difficult situation, for sure. If you say 'no', it's going to lead to hard feelings. If you say 'yes' it's going to be a nightmare. Of course you don't need a lawyer to tell you what you already know. There's no possible way this scenario turns out well for your family. Definitely you need to see a local lawyer face to face and figure out how to get mom's affairs in order as soon as possible.