Q: My son advised me when I was over 70 yrs old that if I financed an extention on his house it would be better than
living alone and he would take me as a dependent and I would have place for life NOW he says he is selling house and I have to move I am 84 and living on SS What should I do? I spent over 70K for the addition!
A:
Proceed with caution. Obviously there are none facts here for me to get a full answer, but I would look at the nature of your relationship with your son, your current living situation, and the present status of your son loan on said property.
If you would like a free consultation you may call me at(914) 912-1555
Aubrey C Galloway III, Esq
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