Aunt Gives $50,000 for Down Payment, Then Asks for Home Inheritance
A MarketWatch reader says their aunt contributed $50,000 toward a $385,000 house down payment and now wants the home left to her two children.
A reader told MarketWatch that their aunt gave them $50,000 to help with a down payment on a house that cost $385,000. With their savings, the aunt's contribution and a small mortgage, the reader said they were able to close.
The reader now says the aunt wants them to leave the home to her two children. The question raises issues about whether a gift for a down payment creates an obligation to leave the property to the giver's children.
MarketWatch presents the situation as a personal finance advice question. The source does not say whether there was a written agreement, a loan, or any condition attached to the $50,000.
Because the details are limited to the reader's account, any legal or financial conclusion would depend on the specific facts and local law. The source describes the aunt's request as a current development after the home purchase.
Frequently asked questions
How much did the aunt contribute?
According to the MarketWatch reader, the aunt gave $50,000 toward the down payment.
What does the aunt want now?
The reader says the aunt wants the home to be left to her two children.