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Reply to "When the estate breaks the family"
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[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 have to assume you are wealthy. Otherwise you would care that a sibling is getting a huge portion of the estate gifted to them rather than paid back to the estate as is legally required. Should they have to sell the house? No, but at the very least the gift to the couple of the down payment, plus the amount that the investment made in equity should be subtracted from their inheritance. The house should not be sold, but they will need to pay taxes on the gift they have been given. Again, go to a lawyer and do what they say or you will all have to go to court to fight this out. If the sibling who got the huge gift really thinks that they are entitled to this money without subracting it from their share of the estate, they are rude not to mention delusional and they deserve to be cut off by the rest of the family.[/quote]
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