DW's Inheritance- Beach House

[Anonymous]

Who is on the title? Probably not you!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who owns the beach house?

OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.

Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.

From OP's description, he never had an interest. There were three properties in the estate. Two were sold. When the proceeds were split, the brother received $400k more instead of a half share of the beach house, which then passed from the estate to OP's wife (and then to OP jointly). There is no need to make this complicated at all.

If northern nam is on the deed he still owns half.

Brothers name

Op hasn’t confirmed, but that’s unlikely. Why would they have put the brother’s name on the title when they bought him with the estate proceeds?

OP indicated that his wife and her brother jointly inherited three separate properties in the will. If that is the case, the brother at some point had a vested property interest in the NC property. To the extent they "bought him," it is unclear fro OP's post and responses whether that was an informal arrangement or if the transaction was properly recorded in a way that cleared the title.
.

[Anonymous]

What's the plumbing like in the place? Original copper pipes?

[Anonymous]

OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.

Learn to read.

[Anonymous]

Legal is all that matters. The legal owners decide. Someone getting mad - - that gives them no (special) power.

[Anonymous]

Anonymous wrote:



OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.

Learn to read.

We have asked him several times who owns the property on paper, and he has not answered that question. He has just alluded to an unequal distribution of profits from the sale of two other properties and the fact that he and his wife pay for and provide all of the upkeep.

[Anonymous]

Anonymous wrote:Why not just offer to let him use the vacation house for the price of utilities and cleaning during his stay? Or charge him rent?

DP and how about not? Presumably OP and his family would like to use the beach house to go to the beach in the summer.

And to a bunch of 20 year old frat boys?

Hell to the no is 100% correct.

[Anonymous]

Anonymous wrote:

Anonymous wrote:



OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.

Learn to read.

We have asked him several times who owns the property on paper, and he has not answered that question. He has just alluded to an unequal distribution of profits from the sale of two other properties and the fact that he and his wife pay for and provide all of the upkeep.

Anonymous wrote:
Who owns the beach house?


"OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. "

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who owns the beach house?

OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.

Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.

OP here.

My wife and own the house jointly.

For tax purposes (knowing this was how we would divide the assests before executing it) he agreed to a larger share of the main house sale in exchange for signing a quit claim deed on the beach house. He has no ownership rights whatsoever.

[Anonymous]

Anonymous wrote:



OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.

Learn to read.

If you read and used critical thinking skills, you would understand that you are assuming. You might be assuming correctly, but when asked who is on the deed he just replied with they own the house. Clearly they paid a settlement meant to make them the owners, but did they carry through with documentation. People are just trying to make sure all nuances of BIL seemingly crazy claims are indeed crazy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who owns the beach house?

OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.

Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.

From OP's description, he never had an interest. There were three properties in the estate. Two were sold. When the proceeds were split, the brother received $400k more instead of a half share of the beach house, which then passed from the estate to OP's wife (and then to OP jointly). There is no need to make this complicated at all.

If northern nam is on the deed he still owns half.

Brothers name

Why would the brother's name have ever been on the deed? OP is pretty clear that the estate was large and was settled. You can't do that without probate or legal structures like a trust.

This is a rabbit hole.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who owns the beach house?

OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.

Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.

OP here.

My wife and own the house jointly.

For tax purposes (knowing this was how we would divide the assests before executing it) he agreed to a larger share of the main house sale in exchange for signing a quit claim deed on the beach house. He has no ownership rights whatsoever.

Then you definitely need to tell him Hard no and be okay with whatever tension arises because of that. I would hate the tension, but no way would I let a bunch of frat boys stay in my beach house. One, what would they do to it, but two, I wouldn't want any liability for them.

[Anonymous]

Your wife should handle the conversation. You already told him no directly and it’s her sibling. If she wants to be firm or get angry, her decision. Brother was completely out of line and she needs to shut it down promptly if he attempts to fume at her. Sorry OP, he is definitely being rude.

[Anonymous]

Anonymous wrote:You don’t co-own it, your wife is the owner. Her inheritance, not yours. So her decision.

Wrong.

[Anonymous]

The question is why does the brother feel he can offer the house without asking you guys?
Did he give you big discount to buy it ?
Anyway you guys are right but find a gentler solution to keep the peace.