4
4312KIM
Guest
WE OWN A DOUBLE HOUSE WITH MY HUSBAND'S 96 YEAR OLD GRANDMOTHER. WE RECEIVED THE BOTTOM OF THE HOUSE FROM MY HUSBAND'S FATHER ABOUT 7 YEARS AGO. WHEN WE GOT THE HOUSE IT WAS IN VERY BAD CONDITION. WE SPENT ALOT OF TIME AND MONEY TO FIX IT UP. WE SIDED IT, REDID THE PIPES, GUTTED THE BOTTOM HALF AND FIXED IT UP BEAUTIFULLY. WE EVEN PAINTED THE GARAGE AND BASEMENT AND PUT NEW WINDOWS AND DOORS IN OUR HALF AND STORM WINDOWS AND DOORS ON HER HALF. WE PAID FOR EVERYTHING OURSELVES ( WE SPENT APPROXIMATELY $30,000 NOT INCLUDING ALL THE LABOR THAT WAS DONE BY OURSELVES) WITH THE MOTIVATION THAT WE WOULD RECEIVE THE SECOND HALF EVENTUALLY. WE MOVED OUT OF THE HOUSE 2 YEARS AGO AND HAVE BEEN RENTING IT OUT. NOW MY HUSBAND'S GRANDMOTHER HAS BEEN LIVING WITH HIS DAD (HER SON) NOW FOR OVER A YEAR AND A HALF AND WOULD NOT BE ABLE TO LIVE ON HER OWN AGAIN. BUT SHE IS FROM THE OLD COUNTRY AND THINKS IF SHE SELLS US HER HALF OF THE HOUSE SHE WOULD LOSE HER INDEPENDENCE. MY SISTER-IN-LAW HAS TO TAKE HER ALL HER MEALS AND BATHE HER AND IS GETTING TO THE POINT THAT WE THINK SHE MAY HAVE TO BE PUT INTO A NURSING HOME. MY QUESTION IS WHAT WOULD HAPPEN TO THE DOUBLE IF SHE DOES HAVE TO GO TO A NURSING HOME? AND SINCE THE HOUSE WAS PROBABLY WORTH NO MORE THAN $50,000-$60,000 BEFORE WE FIXED IT UP AND NOW IS PROBABLY WORTH $90,000-$100,000, WOULD IT STILL BE DIVIDED IN HALF IF THE STATE TOOK IT, OR COULD WE ARGUE THE FACT THAT WE PUT ALL THIS MONEY INTO IT AND OUR SHARE SHOULD BE WORTH MORE. AND SINCE IT IS STILL UP IN AIR IF WE ARE GOING TO PUT HER IN A NURSING HOME IS THERE ANYTHING THAT WE COULD DO AHEAD OF TIME. PERHAPS IF WE COULD TALK HER INTO SELLING, WOULD IT HAVE TO BE FAIR MARKET VALUE, OR COULD WE OFFER HER LESS BECAUSE OF OUR SITUATION. ANY RESPONSES TO ANY PART OF MY QUESTIONS WOULD BE GREATLY APPRECIATED!! THANK YOU!!