'It’s not wise to put money into a house that is not in my name.'
Dear Quentin, I have been living in my husband’s family home for the past 10 years. We’ve been married for almost nine years. The house is owned by my mother-in-law. She has the house in trust for my husband at the time of her passing. She has named my only son as the second in the event that something happens to my husband, her only child.
It’s not wise to put any money into a house that is not in my name. He will be on his own. I told my husband I don’t feel it is right, and these are not my ideal living arrangements. I want to have control of what goes on in the home with my husband. Do I have any claim to the home when that point arises and he becomes owner?
There are other ways this property could become commingled: If you contributed significant improvements that increase the value of the home, for example. “Transmutation is a change in the status of property from separate to marital,” per this blog from Bikel, Rosenthal & Schanfield.
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