Helping my Boyfriend Make Payments on a House he will Inherit. What do I do?
My boyfriend and I are living as tenants and split all our rent and shared bills. I make more money, so sometimes I pay a little more. We are going to move out of our apartment and into his mom’s vacant house. We will pay rent to her as tenants. This will make the mortgage payments so his mom can keep funding her stay in an assisted living facility with her own income, as she needs professional care we cannot provide. When she passes away, my boyfriend will inherit the house. If we are together, we will still be paying together. If we get married, it will become a premarital asset. Either way, I will be contributing my own money to help pay off the house.
Right now I recognize that we are only tenants, but what should I be doing proactively now, and what should I look into for the future when it comes to deciding what to pay and what not to pay into when the time comes, how to track it, and what kind of agreements to look into that would cover my own butt? I’m not looking for ways to become entitled to someone else’s things, I just want to be responsible for myself in case we do not stay together forever.