B
balgamannan
Guest
La Canada, California
This is a follow-up post to one I made a long time ago, about my fiancee and I moving into her dad's house after he got a new one, and what would be in our best interests. I was advised to find out what dad's intentions were before posting again. The update:
Dad (again, all references are to her family, not mine) wants to protect his kids' interests (my fiancee and her brother). His main concern was that the brother would be "locked out" of the value of the house ($600K, rough) if she and I get married and take it over (outstanding mortgage $50K, rough). He also wants to get a new house, but not make payments on it himself.
So first he added both kids' names to the house deed, then went and bought a new house, all this past week (taking everyone by surprise in the process). Mom and dad move in 45 days, and are assuming I'm moving in - they've told me to give my 1 mo. notice where I'm renting. Dad has already "figured it all out" and estimates he'll need $1,800/mo to cover existing house mortgage, new house mortgage, and apparently some ancillary expenses. We will be renting from him until we leave/he dies.
Questions:
1) what is the impact of fiancee and brother being listed on the deed to existing house? Are they all 1/3 owners now?
2) what are my rights, if any, after we marry? If we marry today and get divorced later, do I have any claim to any part of the house? (NOTE: I believe this is dad's main concern - that I'm trying to be a shyster and somehow steal their house, which is ridiculous.)
3) can fiancee put me in her will for her portion of the house (assuming marriage, then something happens to her [god forbid] - I don't want to be left without a roof over my head)
We have a "family meeting" tonight (6 hours from now!) to discuss/finalize - HELP! What kinds of questions would y'all be asking right about now?
Thanks in advance, all!
This is a follow-up post to one I made a long time ago, about my fiancee and I moving into her dad's house after he got a new one, and what would be in our best interests. I was advised to find out what dad's intentions were before posting again. The update:
Dad (again, all references are to her family, not mine) wants to protect his kids' interests (my fiancee and her brother). His main concern was that the brother would be "locked out" of the value of the house ($600K, rough) if she and I get married and take it over (outstanding mortgage $50K, rough). He also wants to get a new house, but not make payments on it himself.
So first he added both kids' names to the house deed, then went and bought a new house, all this past week (taking everyone by surprise in the process). Mom and dad move in 45 days, and are assuming I'm moving in - they've told me to give my 1 mo. notice where I'm renting. Dad has already "figured it all out" and estimates he'll need $1,800/mo to cover existing house mortgage, new house mortgage, and apparently some ancillary expenses. We will be renting from him until we leave/he dies.
Questions:
1) what is the impact of fiancee and brother being listed on the deed to existing house? Are they all 1/3 owners now?
2) what are my rights, if any, after we marry? If we marry today and get divorced later, do I have any claim to any part of the house? (NOTE: I believe this is dad's main concern - that I'm trying to be a shyster and somehow steal their house, which is ridiculous.)
3) can fiancee put me in her will for her portion of the house (assuming marriage, then something happens to her [god forbid] - I don't want to be left without a roof over my head)
We have a "family meeting" tonight (6 hours from now!) to discuss/finalize - HELP! What kinds of questions would y'all be asking right about now?
Thanks in advance, all!