Legal Question in Real Estate Law in Michigan
Our senior mother currently has a home with a mortgage (Wayne County, Michigan) . There are currently 6 surviving children and her current Will states that the house is to be sold and split between us. Our eldest sister is moving in with her to help take care of her but our eldest sister will not move in unless all 5 children sign away our rights to the house. We are all (mother & all 6 children) in agreement that as long as she takes care of her and keeps the house up we will give up any rights to the house upon her death.
We are wondering the best way possible to handle this since we are scattered over the US? We want to make sure that our eldest sister takes care of our mother & her house is taken care of up to the time she passes. What is the best way to make sure that will happen without our mother signing the house over to our eldest sister and our sister not following through with her verbal agreement and kicking our mother out of her own house or losing it by taking out additional loans on it? Thank you.
1 Answer from Attorneys
You will need an iron clad contract signed by all family members outlining exactly what happens when. Each parties duties and obligations, etc.
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