What is the name of your state (only U.S. law)? Delaware
Hi, not sure if this is the correct place to post, I apologize in advance.
In 2006, my mother inlaw ( now deceased) purchased a single family home with her sister and her husband. The cost of the house was $235,000. Each of them was supposed to put 1/3 into the house which would have been $78,333.33 each. At the time of purchaseing this house her sister and husband did not have all thier money because they were waiting for their house to sell. SO my mother inlaw put $90,000 towards the purchase of the house so that her sister and husband did't not have to take a large mortage out. There was an agreement that when one of them passed away they would not sell until the last person was left. There was also a verbal agreement and an email stating that my mother inlaw would be entiled to her $90,000 or the 1/3 of the house. Also she was paying $500 a month towards the bills, which was way more than she was supposed to, plus they split any home improvment costs. The house has sold and settlement is next month, the selling price is $225,000 and my wife (who is the executor of the will) was told by her mothers sister that my wife and her siblings will split $60,000. There was no mention of 1/3 or the $90,000. So my question is, are they entitled to the $90,000? They don't care about more, hey just want what was put into the house upfront.
Thank you in advance
Hi, not sure if this is the correct place to post, I apologize in advance.
In 2006, my mother inlaw ( now deceased) purchased a single family home with her sister and her husband. The cost of the house was $235,000. Each of them was supposed to put 1/3 into the house which would have been $78,333.33 each. At the time of purchaseing this house her sister and husband did not have all thier money because they were waiting for their house to sell. SO my mother inlaw put $90,000 towards the purchase of the house so that her sister and husband did't not have to take a large mortage out. There was an agreement that when one of them passed away they would not sell until the last person was left. There was also a verbal agreement and an email stating that my mother inlaw would be entiled to her $90,000 or the 1/3 of the house. Also she was paying $500 a month towards the bills, which was way more than she was supposed to, plus they split any home improvment costs. The house has sold and settlement is next month, the selling price is $225,000 and my wife (who is the executor of the will) was told by her mothers sister that my wife and her siblings will split $60,000. There was no mention of 1/3 or the $90,000. So my question is, are they entitled to the $90,000? They don't care about more, hey just want what was put into the house upfront.
Thank you in advance