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Real Estate
Reply to "Sibling moving from deceased parents home"
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[quote=Anonymous][quote=Anonymous]I haven't seen the postings on the previous thread, so I hope I'm not repeating what others have said. Your brother lived with your elderly parents? I'm sure it was extremely beneficial for your parents, at the same time that your brother was probably content to stay with mom and dad. However, if your parents had had to enter an assisted living facility, they would have been paying something in the ballpark of $7,000-$10,000 a month, per individual, to the tune of a minimum of $84,000 per year, per parent. He also gave them the gift of staying at home in their old age. Don't know what their health situation was, but it's wretched having to enter a facility due to health issues. It's wretched having to live in one of those facilities, period. He surely provided quite a bit of care to your parents, and comfort, and the ability to stay in their own home and to sleep in their own bed. That's BIG. Therefore, be merciful with him. Be as merciful as you can be. Don't throw him out in a month, or in three months. I think one year is reasonable. Maybe even give him the opportunity to buy the house from the estate. Maybe even cut him a break on what the market value is on the house. Remember, he saved something in the ballpark of $84,000/per year, per parent, for your parents. So maybe you can take that into consideration when you set the price you would like to sell the house for. If you calculate what his share is of the estate, and add to that some of the funds that would have gone to pay for a nursing home or in-home care, do you think it might be possible for your brother to buy the house? Does he even want to stay in the house? That's my take on your situation, but I don't know all the details. [/quote] +1. I agree completely. A PP commented that its about the 'legal' requirement of the situation. This involves family---your brother! Good god. OP you sound like a cold, heartless, wretch.[/quote]
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