Legal Question in Wills and Trusts in New York
My dad own a house in Puerto Rico. The house needs a lot of work . I am willing to fix the house and put some money into it to get it fixed up to live in. My dad does have other children who are not involved in his life. If I was to put money into this house and something happens to my dad and he passes away, would I have to split the house with all his other children? How can I protect the money that I put into it?
Asked on 2/02/17, 5:18 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
1. Yes, unless he adds you to the deed as an owner.
2. Have him sign a promissory note or an agreement to reimburse.
Answered on 2/02/17, 6:44 pm