My grandma has passed and left her house jointly to my mom and 2 aunts. My mom would like to keep the house, and my aunts have both said they are willing to let my mom buy them out of their share of the equity. My question is, once this is done, and the legal papers are signed, will they have ANY rights or say in what my mom does with the house from that point forward? (Relations among them are bitter and hateful, to say the least, so my mom would like to distance herself from them as soon as possible.)
Also, good point about legally buying the house from my mom. At the very least I told her I want her to put in her will or trust or something, that the house will go to me upon her passing. Just in case, as you said, something happens unexpectedly and it's in her sole name. Lots of factors at play here.
If your mother intends to sell you the house, it might be better that it's done sooner rather than later. No one knows what might be in our future and if her health declines and she needs services, she might need the money for her care.
It's all just a bunch of messy family drama. I was just wondering, legally, once the deed is in my mom's sole name, and I move in, if my aunts could force some legal action in objection.
Just a little background, the reason I want the house is I was the closest person to my grandma (in our entire family really). She even raised me for part of my life. I never planned to try to get her house after she passed, but once she was gone, I got a distinct feeling that that was where I belonged. Plus, it is larger than my current home and my husband and I are expecting our first child in October and that house is the perfect family house.
Anyway, probably more info than anyone wanted to know, but thanks again for answering! I agree, I didn't THINK my aunts would be able to do anything once the house is deeded to my mom, but wanted to see if someone else knew something I didn't.
Was this the family home where your Mom and her sister grew up? If so, the sisters might still feel in their mind that is still "home" and will voice their opinion if your Mom makes any changes to the house.... that's only human nature.
But if in future you think this house will be a bone of contention, maybe to keep the peace it might be better to sell the house outright to a Buyer and then split what is left of the equity [after closing costs] between the three of them.
Once the house is sold to your mother, and the deed is recorded, they shouldn't have any say about anything done with the house. That is my opinion for what it's worth.