What is the name of your state (only U.S. law)? New Jersey
My husband & I live with my father in law. He owns the house and is 92 years old. He has a will which has set to sell all assets and split between his 3 children. We have been living here for over 10 years and our son is 14 now. We want to stay in this house for our son, our lives will be difficult if we are told to move out. I am living on disability and my husband has not worked for many years. Our father has other monies and investments to devide between all the children and we want to know what is the best way to advise our father to help make our wish come true. We are also concerned about the taxes involved in this situation. can you help?
My husband & I live with my father in law. He owns the house and is 92 years old. He has a will which has set to sell all assets and split between his 3 children. We have been living here for over 10 years and our son is 14 now. We want to stay in this house for our son, our lives will be difficult if we are told to move out. I am living on disability and my husband has not worked for many years. Our father has other monies and investments to devide between all the children and we want to know what is the best way to advise our father to help make our wish come true. We are also concerned about the taxes involved in this situation. can you help?