Widow Tax Credit
March 6th, 2010
Question: we just found out that my 58 year old brother-in-law had his 89 year old mother quitclaim her third of a house
just found out that 7 years ago my brother-in-law had his mom quitclaim her share of a house to him that my husband and I had purchased. He never told my husband, his only sibling. Our original intent when making the purchase was to help her avoid increasing rents…she was twice widowed and unable to get into a house on her own. She paid the mortgage payments, $300/month and we put her name on the deed as a third owner to help her with her taxes and to make it feel as if the house was really hers. Our original goal was to have some equity that we could use to help us provide a comfortable life for her as she aged…whether with help in her home or in a retirement home. The brother has no assets, has rented his own apartment for twenty years and we have now found out that he has run up her credit card bills considerably. Because the mom would have authorized anything he asked, we can’t cry fraud…although he expects that when she dies, the debt will go away. Any suggestions?
Answer: You should discuss this with a lawyer because your brother-in-law is taking advantage of a vulnerable adult. At lease get some advice on what you can do.
If the 89 year old mother is getting public assistance in any way, you should contact them about this situation.
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