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[quote=Anonymous][quote=Anonymous]My parents are moving and want to give one of my siblings their current house (worth a few million) which this sibling would use as their new primary residence. We all have families and all own our homes, but have mortgages. We also all work, as do our spouses. My parents have floated that if this property transfer occurred they would take the market value of the house when they deed it over to sibling out of that sibling's portion of their estate. However, I don't think that this is fair. This sibling will not only have a huge asset and no mortgage in their 30s, they will be able to take the equity from the sale of their other house and [b]put it into the market where it will grow exponentially. When the rest of us inherit our portions of the estate, the house will be worth considerably more than it is now and the sibling's equity (if put into the market) will have also grown considerably. [/b]I have not said anything yet, but I think that if this sibling is given a home worth a few million that the other siblings should be given the same amount in stock/cash. Does this sound fair? Is there anything I'm not thinking of here?[/quote]

The bolded are assumptions that may not come to pass - they are fair assumptions but assumptions nonetheless. Anything can happen with respect to housing prices and the stock market.

It sounds like your parents have a fair amount of assets. If they gave you money now, what would you use it for? I don’t think it’s crazy to raise with them privately that it seems like a huge windfall for Sibling to get this, and right now you could really use help with [private school tuition, expensive kid sport, etc]. But at the end of the day it’s your parents money and they can spend it how they want. You should probably reframe your thinking about this otherwise you’re going to be very resentful. [/quote]

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