Legal Question in Real Estate Law in California
Can a gift letter shield you from a purchase money resulting trust? The gift letter states the dollar amount, states that it is a gift with no expected repayment.
The person was allowed to live on the property (4-plex) with a discounted rent. 15 years later want to claim equitable ownership, even after more than 4 refinances which person received no money from (but was aware of, i.e. repudiation)
Asked on 10/10/13, 5:49 pm
1 Answer from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
It may be a piece of evidence, not a shield. How strong and whether it is admissible is going to depend on when the letter was written, who wrote it, who received it, and any other communications between the parties.
Answered on 10/11/13, 7:41 am
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