LOL. At least PP is invested. That explains her emotion. You're here.... why? And you are smoking crack, sir, if you think proper accounting translates to an 'annual call for receipts'. You don't know d*ck about management. A contract should be drawn up with a clear spending limit/authority and annual management rotates amongst all parties. If one refuses there is either a cost to opt out or a loss of privileges. The uncle is little atmospheres out of line. So much so that I can all but guarantee he is skimming funds. |
14:06 and 14:08, thanks for your comments. We do not have endless money and what we have is not for someone else to decide how to spend. We have one child who will probably need financial supports for their entire life. I have one sibling who requires support. We covered my parents' expenses for their final years. We may have to provide some support for DH's parents. Yes, we have a second home, not luxurious, but allows us to get away. We are grateful for it. I'm not sure how the financial misrepresentation by the uncle is irrelevant. If you co-owned property, only to learn later that the other owner took out an insurance policy on the property in their name only, I can't imagine you would be chill about that. Given that the uncle asks for 50/50, why didn't he ask my ILs for that for the policy? My MiL had never seen it and knew nothing about it. Clearly the agent thought something was fishy or he wouldn't have raised it with her. Look, I grew up in a family where the focus was very much on fairness and equity, so this behavior may floor me more than others, but this doesn't seem normal to me. I would never treat my siblings or elders this way. My parents may not have had much but they raised us to be rational and generous. I don't see what the uncle, wife, and cousins do is even remotely in that spirit. |
You Ned to sit down with your uncle and have them buy you out or say anything cosmetic needs to be approved in advances and financially we cannot do things like expensive furniture. It’s ok to say no. |
The first year DH asked for an accounting of the expenses, he discovered that his aunt and cousins were receiving 4-digit checks. DH asked why. Uncle told him supplies. DH asked if that means we should submit receipts for our supplies. Uncle said, "that's not the same." We've bought stuff for years and never expected to receive a receipt. There's nothing rational about that. |
*receive reimbursement |
Checks from where? Are you paying into a joint checking account that's used for expenses for the house? |
This is just way too much personal info. |
Yes, DH sends his uncle a check at the beginning of the season and, if necessary, again at the end. |
that my parents raised kind, rational children? |
His wife bought it and he didn’t know yet, or he just plumb forgot! If you asked me to make a list of every $5k purchase I made in the last twelve months I would definitely forget some. It makes way less sense that he would intentionally withhold the dining room table and then send an invoice later. Why would that be better? The OP needs to just bail on this beach house. She’s so angry. It’s not going to work out. |
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So if you made a $5k+ purchase for your beach house that you co-own with a sibling, who has asked your nephew to handle his end of the finances, and the nephew has asked to be informed of big ticket items and just asked for the amount for the coming summer season - and you are holding a receipt for this purchase when you give the number to your nephew, you would forget? Because if so, then woe unto you with the collapse of scientific research into memory. |
This seems like a completely unrelated situation. Your FIL owns a condo and is hesitant to sell. What cautionary tale? |
DCUM doesn’t need to know your biography in excruciating detail. You obviously think you’re in the right and are being scammed so I’m not sure what’s the point of this thread if you’re going to keep arguing and posting about random extended family details that don’t have anything to do with this beach house. You just want people to post “poor you” and be in agreement with you. Why are you even here? |
OP it seems like you and DH want more ability to forecast expenses and have a say in what is bought. Completely reasonable. But consider that your FIL and his brother may have had a more ongoing accounting system, more of a conversation than a deadline.
I think you’re upset about the situation in general. This is why having multiple owners doesn’t often work. But you’re fixated on this DR purchase and I think you need to let that go and try to start over with expectations and either find something that works for everyone, or find out what the options are for getting out of this. And I would include a lawyer in that convo. Good luck. |