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I am separated and in the process of divorce. My ex and I own a house free and clear - no mortgage, liens etc. It is a VERY old 2 bedroom 1 bath house that is in very bad condition. It needs a lot of work. It is worth maybe $30,000. I moved out a while ago because it was falling apart and I just couldn't keep up with repairs and my ex is completely useless in that regard. My ex has been living in it, but does not work and so the utilities have been shut off because he doesn't pay the bills. My son and his girlfriend have approached me about moving into the house and working on it while they live there. They are young, 22 and 23 and the girlfriend has family who are contractors and electricians by trade, so I am confident that they will be able to fix it up. My son has told my ex (his father) that he can live there with them, but since my son and GF are paying all the bills, they want the master bedroom and they want to consider the house theirs, as well as his. His father has agreed to this wholeheartedly because he doesn't want to work and can see that he has a free ride if my son moves in. Problem for me is that my son and ex have a very bad history of not getting along. My ex is an alcoholic and bipolar and when my son was a teenager, he was kind of a wild one as well and the too would butt heads - literally and figuratively! The police had to be called on more than one occasion to break them up and my ex would also try to exert his authority claiming "this is my house..." But while I was there, it was MY house and I paid the bills and so he always backed down.
My son has matured now and his temperament is less fiery these days and he gets along better with his father, but his father is still an alcoholic and bipolar and uncontrollable. So I thought that since I really don't want the house anyway in the divorce and it's really not worth that much, I would just sign my claim to the house over to my son. That way IF my son and ex do start to butt heads and the police get called, my ex will not be able to put my son out because my son will be half owner of the property. Plus if my son and GF do a lot of work to the house, I think it's only fair that they own the house.
What do you think? Is signing over my claim to the dead to my son a good idea or a bad idea?
P.S. I'm on record with my son and his GF saying that I think moving in with his dad is a bad idea, but they are going to do it anyway to save money on rent.
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