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Real Estate
Reply to "Inheriting house together with sibling...who wants to move in - WWYD?"
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[quote=Anonymous]Sibling A can insist on Sibling B paying $300k upfront (assuming that's what they can afford in terms of a mortgage.) That'd give Sibling B 60% of the house, and A and B would split the proceeds should Sibling B sell. Then when Sibling B's trust matures, Sibling A gets that money. That gives Sibling B something like 75% of the house, I'm guessing, and proceeds would get split accordingly. Then put in language to protect Sibling B in case of someone dying, or to automatically force a sale in case of Sibling B/husband divorcing. Also need language to protect Sibling A in case Sibling B's kids decide to imitate Risky Business and trash the place. [/quote]
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