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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have to tell you, I wouldn’t care about this at all. If it’s a house that is the home of my sibling, but my parents helped pay for it, I would want to transfer it to them in the easiest way that satisfies the legal requirements of probate or whatever.

I don’t care at all about me and my siblings getting an equal inheritance. I think if people are at the point where they want someone to move to a new house over that, the family was already “broken.”[/quote]

I agree that it’s sad that the other sibs want to force the sale of a family’s home to get their hands on a little bit more money. But the parents structured the ownership of the house the way they did, and[b] it’s weird that the sib who lives in the house isn’t even willing to forego their share of the cash inheritance in exchange for getting to keep the house. Just seems so grasping.[/b] Maybe the best thing to do is everyone just wait it out until the sib eventually downsizes or otherwise decides they’d like to sell, and everyone gets their fair distribution then? Just thinking about it in terms of interpersonal fairness - I don’t pretend to know how this stuff works legally. So obviously yes consult an atty to see if there are any pitfalls and make sure sib doesn’t do anything dumb, like accidentally put a tax lien on the house or something.[/quote]

This.  Everyone involved is looking for what they perceive as their fair share, and the other side perceives as a windfall.

As a compromise, I would probably suggest that the sibling pay back the amount the parents paid (or deduct it from the rest of their portion of the estate), and forego the equity.  But if the sibling who lives there pushes back, you tell him that you'll just have to go by the letter of the law, which may mean he'll have to sell the house.

[/quote]

House Sibling is married to a BigLaw lawyer.[/quote]

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