My siblings and I were going to buy it outright as a gift to our them but are second guessing the decision now that we heard about life-leasing.

I guess I have some thinking to do because the money I will be using is from the sale of  a brownstone me and my 2 other siblings inherited so I just don’t want to blow it .

One that was the primary residence of my grandparents as well the youngest sibling who has some special needs.

Turns out she had a sibling and a couple nieces several states away that wanted to retrieve her belongings.Once she's out, renovate and move on.

I am the executor but the proceeds will be divided between 3 siblings.

Another suggestion for families with adult siblings, parents and siblings is to see if they are all living together now. 

The problem with this option is that my brother would not qualify for a mortgage and would need a cosigner or I (or another sibling) would have to purchase the home in our name and then put the title in his name after the note is paid.   

The problem with this option is that my brother would not qualify for a mortgage and would need a cosigner or I (or another sibling) would have to purchase the home in our name and then put the title in his name after the note is paid.

We found one and that one had the siblings sign a bill of sale dated back to the previous property transfer as the executor of his estate. 

The biggest pitfall here is that unless you have an agreement in writing as to what everyone's duties and responsibilities are and then mother-in-law dies, a sibling or even another relative might make a claim to the property.