Life Tenant
My parents deeded the house to me in 2003 thru an elder care lawyer with them as life tenants. they have been in a nursing home for 1 1/2 years, they are unable to pay any expenses on the property and i have been paying all the taxes, ins, fuel Etc. My wife and myself moved into the house 1 year ago to keep it up. we have spent over $10k of our own money maintaining the house. now my father is very disgruntled, angry and medicated and wants us out of the house. this has caused a great hardship financially and emotionally to us and we don't know what our options are. the lawyer that took $7500 to handle their estate planning will not advise us. HELP what do we do? there is no reasoning with my dad.
1 Answer from Attorneys
Re: Life Tenant
If your parents are not competent
and you have already set up a plan to take care of their needs (its sounds like it) and they kept a life tenancy , which they cannot afford, you need to petition the Court to appoint a guardian to determine if selling the house or something else will best serve their interests. If you wish to make an appointment please let me know.
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