LaughingGal
New Member
- Jurisdiction
- Michigan
Our step-dad has a life lease on our mothers home and we are on the deed.
My understanding when I contacted the lawyer that drew up her will after she passed away is that step-dad would be responsible for taxes, insurance, maintenance and upkeep of everything.
My sisters and I agreed we would go in 50% for anything that would be an expensive purchase such as hot water heater, furnace, etc. He is needing a new furnace but does not think he needs to pay 50% . Please clarify to us the rules regarding "Life Lease" in Michgan. Thank you.
My understanding when I contacted the lawyer that drew up her will after she passed away is that step-dad would be responsible for taxes, insurance, maintenance and upkeep of everything.
My sisters and I agreed we would go in 50% for anything that would be an expensive purchase such as hot water heater, furnace, etc. He is needing a new furnace but does not think he needs to pay 50% . Please clarify to us the rules regarding "Life Lease" in Michgan. Thank you.