Hi there. This board has been a great resource for me on numerous occasions so figured I'd put this question out there.
My sister is 62 years old and lives in her house with her youngest daughter who is 22. She needs to have a will and we are meeting with an attorney in a couple of weeks.
The daughter she lives with is mentally unstable so she does not want to leave the house to her and we have discussed having a stipulation put in the will that the house must be put on market for sale six months after my sister's passing.
If I have her put the house in my name what will be my responsibilities and what possible risks would I be exposing myself to?
thx
My sister is 62 years old and lives in her house with her youngest daughter who is 22. She needs to have a will and we are meeting with an attorney in a couple of weeks.
The daughter she lives with is mentally unstable so she does not want to leave the house to her and we have discussed having a stipulation put in the will that the house must be put on market for sale six months after my sister's passing.
If I have her put the house in my name what will be my responsibilities and what possible risks would I be exposing myself to?
thx