In 2003, my mother purchased a house for my brother to live in to the tune of $30K cash. The house is in her name. He has never worked or in any supported himself and she has made all significant repairs and pays most utilities. He has let the house deteriorate and I estimate it now has a value of $15-25K.
In 2006, mom changed her will to leave him the house plus 1/4 of the remaining estate (there are four of us kids)
I am about to notify him that Mom can't keep paying his utilities nor provide him with any other money.
He has always had an air of entitlement - thinking that Mom needs to make the house livable since she owns it. mom has always had a feeling of obligation to take care of him. (she put a $8,000 roof on in 2014 and about $15K in windows a few years ago)
I am considering executing a Quit Claim Deed over to him.
Pros: He would now be responsible for property taxes, utilities and repairs and he is going to end up with the house anyway so what the heck.
Cons: Although I don't think Mom will outlive her money and end up on Medicare, the possibility does exist. I would never get the money back from the brother so either I would have to provide for my mother or seek out a comfy park bench for her.
Also, another brother is shacking up there for now. Eldest can't do anything about it because it is Mom's house but if he owns it, he could kick other brother out.
Please chime in.