My mom is divorced from my dad and received a substantial lump sum as a settlement. My dad was always the breadwinner and managed the majority of their finances, so my mom is not nearly as money-savvy.
Three years ago, my mom helped her sister, who is single, purchase a home. The home was $350,000, and another $50,000 was spent on renovations.
I was aware that my aunt contributed $100,000 to this purchase from the sale of her condo. My mom was covering the rest. The house was paid in full.
What I did not know was that my mom put the entire house in my aunt’s name. My aunt does have a will stating that upon her death the house will go to my mom (or her estate), and my mom is her power of attorney.
My concern is that there is no guarantee that the house returns to