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Reply to "Parents wanting to leave $1M home to sibling"
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[quote=Anonymous]My parents have a home that is worth about $1M in a vacation destination, no mortgage. They mentioned leaving it my older sister because she doesn't have a house and we already have one. My house still has a mortgage and won't be paid off for another 20 years. I think it's unfair that they would just give it to her outright and leave nothing for me. I would like it left to both of us. How can this be done with the least amount of trouble for our families? Like after we die, could it be divided equally to our children? She has 2 and I have 2. Also, I don't wouldn't want anyone to sell it and if it could be kept in the family as a vacation home or rental I think it would be nice for generations to enjoy. If it were left to my sister, I suspect she would just sell the home and use the money to purchase elsewhere. How could it be done, where it's kept in the family and everyone owns it equally? Anyone have good/bad stories about their experiences? [/quote]
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