What is the name of your state?What is the name of your state? CA.
Hello:
I own a home and my girlfriend moved in. She currently is not on the loan. So, I hold all the risk. She wants to be on the title, because she is going to be paying me to live with me. This means she wants half.... and we aren't even married. She also says, "I won't get any tax breaks for paying you." I told her the tax break is for the loan that she is not on and holds no risk.
I have two kids from a previous marriage, if anything were to happen to me, I would want all my interest in the house to go to them. I feel like I would be forfeiting half of the equity to her and taking that away from the kids.
What do you think I should do?
TwoKids
Hello:
I own a home and my girlfriend moved in. She currently is not on the loan. So, I hold all the risk. She wants to be on the title, because she is going to be paying me to live with me. This means she wants half.... and we aren't even married. She also says, "I won't get any tax breaks for paying you." I told her the tax break is for the loan that she is not on and holds no risk.
I have two kids from a previous marriage, if anything were to happen to me, I would want all my interest in the house to go to them. I feel like I would be forfeiting half of the equity to her and taking that away from the kids.
What do you think I should do?
TwoKids