I live with a man, age 65, and I am 67. We have lived in his home for 7 yrs. now. He made out his will for me to receive his home after he passes. I have spent lots of my own money upgrading and maintaining his home. He has three adult children. He owns the house outright. What should he do to protect his wishes in a will and also with the deed to the house? In his will he states if any of his children contest the will they will be disinherited. We all get along, but he doesn't want GREED towards me in my last years either after he passes on.
The house is located in Michigan. It also has a student loan judgment lien against the property that I am sure I'll have to pay off to release the home to me upon his death even if I am named in the will to receive the home (without my name on deed by then). Even if I paid off the lien, could the children still have rights to his half of the home? I am just wondering if I should just prepare to have to move out when he dies, and not take on the children or the student loan debt that one of them dumped on him 5 years ago.
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