Legal Question in Civil Litigation in Michigan
family money
I was invited to live with daughter and son-in-law for the remainder of my life. Put approciamately $45,000,00 into home on their property nine years ago. Last year they divorced and I had to move and find another place to live on my own. They gave me NOTHING to replace what I had invested. Early in the separation my son-in-law said he would give me money but when the property sold for much less(due to economy) he didn't, even though I said I realized the problem and would appreciate anything that he could do. i am 67 and have a very limited income. What monies I have will be gone in a few years and if I should need an assisted living facililty I will be sunk. Please advise. thank you.
2 Answers from Attorneys
Re: family money
The reality is that without a written agreement evidencing that the money was a loan, it will be deemed to be a gift and will not be returned. William S. Stern
Re: family money
Without anything in writing, or unless they agree to pay you back, the money would be considered a gift and/or a contribution to the household while you lived there, in lieu of rent, and a court would likely not find you are entitled to anything. I suggest you talk to your daugther for assistance with your future.