This issue took place in Massachusetts.
In 2007, i was struggling with mental illness and was overly medicated on Psych meds. I had been encouraged to apply for disability (SSI). In order to qualify for disability, what remained of my trust from my grandfather ($80,000) was placed in a separate account under my mom’s name.
During this time, my twin sister was deeply interested in buying a home (instead of wasting money on rent). The goal was for my twin sister and I to become co-owners of a home. My mom put in $150,000 towards the home for me, and another $150,000 towards the home for my twin. Additionally, the $80,000 of my trust was put towards the purchase of this home. It was to be my twin and her two shared-custody daughters and myself as occupants. I was involved in the entire process of looking for the home, and met with the realtor when the purchase papers were signed. As I had recently begun receiving SSI, it was agreed I would not sign anything, for fear of loosing my “benefits”.
Within six months, my twin began a relationship with the next-door neighbor. The home environment became strained, as I was a third wheel in their budding relationship. I spent more & more time away from the house. One day I drove up to the house and saw the entire contents of my room (mattress, bookshelves everything) in the garage.
A short time after, my mom took me to see a lawyer, and we were told the only thing we could do was to get my twin to agree to sign something stating that, should she ever sell the house, she would return my money. We thought there was no point in attempting this with my twin.
Fast-forward to 2016: Twin puts her house on the market. (Not sure if this is relevant but my mom paid over half off the mortgages on that house). Twin sells the house for over $500,000. I received a text from my twin about how much the house sold for. I reply that I’m happy for her, but would like some of my money back. She replies that she will give me some of it back.
A few months later I get another text and my twin tells me she has given my mom $5,000 cash for me, to be kept in the safe. She texts me, “it’s just a start”.
Flash forward to current: twin has spent every dime of the money on a condo for herself, $150/night hotels while she decided what house to buy, adderall that she buys off the street, and other nonsense.
Question: was this lawyer correct, in that I basically gave her all my money (minus the $5,000 she returned)?
In 2007, i was struggling with mental illness and was overly medicated on Psych meds. I had been encouraged to apply for disability (SSI). In order to qualify for disability, what remained of my trust from my grandfather ($80,000) was placed in a separate account under my mom’s name.
During this time, my twin sister was deeply interested in buying a home (instead of wasting money on rent). The goal was for my twin sister and I to become co-owners of a home. My mom put in $150,000 towards the home for me, and another $150,000 towards the home for my twin. Additionally, the $80,000 of my trust was put towards the purchase of this home. It was to be my twin and her two shared-custody daughters and myself as occupants. I was involved in the entire process of looking for the home, and met with the realtor when the purchase papers were signed. As I had recently begun receiving SSI, it was agreed I would not sign anything, for fear of loosing my “benefits”.
Within six months, my twin began a relationship with the next-door neighbor. The home environment became strained, as I was a third wheel in their budding relationship. I spent more & more time away from the house. One day I drove up to the house and saw the entire contents of my room (mattress, bookshelves everything) in the garage.
A short time after, my mom took me to see a lawyer, and we were told the only thing we could do was to get my twin to agree to sign something stating that, should she ever sell the house, she would return my money. We thought there was no point in attempting this with my twin.
Fast-forward to 2016: Twin puts her house on the market. (Not sure if this is relevant but my mom paid over half off the mortgages on that house). Twin sells the house for over $500,000. I received a text from my twin about how much the house sold for. I reply that I’m happy for her, but would like some of my money back. She replies that she will give me some of it back.
A few months later I get another text and my twin tells me she has given my mom $5,000 cash for me, to be kept in the safe. She texts me, “it’s just a start”.
Flash forward to current: twin has spent every dime of the money on a condo for herself, $150/night hotels while she decided what house to buy, adderall that she buys off the street, and other nonsense.
Question: was this lawyer correct, in that I basically gave her all my money (minus the $5,000 she returned)?
Co-Ownership: How to Recover Money Invested in a House
Aucun commentaire:
Enregistrer un commentaire