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Tax, SDIRAs & Cost Segregation

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Molly Ash
  • Newark, OH
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Being taken advantage of

Molly Ash
  • Newark, OH
Posted Apr 25 2015, 09:39

My mother and father have been divorced for over 30 years.  In the divorce, my mother was allowed to stay in the house with no end date.  My father was required to make all payments, carry the insurance and pay property taxes.  The house is paid for at this time.  Both names are on the deed.  My parents are both 72 and my father now wants my mother to buy the house.  He said when he dies the house will be on the market the next day.  Nothing in the divorce papers indicates what will happen to the house if the other passes away.  My father is remarried and owns a home with his now wife.  Of course I have told my mother not to buy a house at the age of 72.  I guess my question is, since my mother's name is on the deed would she be entitled the house if he passes away.  We are in the state of Ohio.  Any suggestions on what we should do or what the process would be?  Thanks in advance

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