Dear Quentin, I’ve been married for five years to my second husband. We are living in the house that I bought over 20 years ago that is in my name only, as is the mortgage.
I have an adult child and grandchild, and he has adult children as well. I would like to leave my house to my child, but would allow my husband to continue to live there as long as he’d like, or until his death. The mortgage would be paid off out of my estate. Your husband agreed to pay you an amount that is equivalent to 50% of the value of the mortgage, but he is not actually paying half your mortgage — for better or for worse, for richer for poorer, he is paying rent. As harsh as this sounds, it’s his responsibility to buy a home for himself to have as an inheritance for his children.
There are cons too. Ross & Shoalmire writes: “If the life tenant doesn’t care for the house and it falls into disrepair, there is not much the beneficiary can do to protect their future investment. If the life tenant becomes incapacitated and needs a nursing home, the house will not pass on to the heirs until they die.”
He is, if he move in with you. When one is paying rent they don't own a percentage on the apartment they are renting..
It’s not what you want honey! It’s what you are entitled by law that matters!!! Your case has been seen several times out there but opposite: Young G-Digger marries an old fool man. Get divorce or old man dies, she NEVER worked or paid anything in there: Now children has to split
So he's not paying half of the mortgage, he's paying rent? Be precise.
You are you own the fucking house!
It's going to depend on your State. For example, In Texas he gets reimbursed; in California he doesn't.
If I’m paying half the mortgage and you’re planning on dying before me and we are married; there is NO way I am letting YOUR kids kick me out of MY house.
Divorce him.
Give it to your kids. If your 2nd husband can’t handle that, time to get a 3rd.
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