08-26-2019, 11:46 PM
rgG wrote:
[quote=Yoyodyne ArtWorks]
One possible interpretation of the overall situation: Mavis and her husband want the property to pass unencumbered to Mavis’s daughter upon Mavis’s and the husband’s passing. That’s why Mavis has never allowed a Gene to contribute any moneys toward the cost of the condo. The daughter is ratcheting up the certainty of no claims from Gene by compelling Mavis to now bar Gene from the property altogether.
Possible solution? Gene signs a formal renter’s agreement with Mavis, clearly showing he is a renter only and has ZERO claim on the property should she pass away before him.
Will she (and her daughter) go for it? Maybe, if the rental income from Gene is enough to significantly help Mavis out financially.
This sounds like a possible plan, at least from what we know, and if the daughter is doing this because of money and not some other reason we are not aware of.
He could also sign a quitclaim foregoing any rights or title he may have against the property or trust, perhaps in exchange for a lifetime joint-tenancy in the home. (Assuming again that the daughter is after the trust.)
These are things to work out with an attorney.