Reply to Parents wanting to leave $1M home to sibling

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[quote=Anonymous][quote=Anonymous]OP here. My sister's lives overseas and makes a pretty good amount of money living as an expat. Housing is completely paid for, receives cost of living expense, free ticket home each year.  She has a good life. She doesn't want to live in the States and that is why she hasn't purchased a home. Meanwhile, I work my ass off, save money to provide a nice life for my family. I have 2 kids. I wouldn't choose one over the other and I would divide my assets equally regardless of who has what.

[b]I would respect their decision, but I would be hurt. Since it was brought up, I felt that they should know how I feel and to know that just because I own a house, I also own a mortgage and I am not rich. I am for an equal solution. Not one over the other. I want to give them an alternate solution where we can own it equally. [/b]

It's in a vacation destination and neither one of us will live there but we would visit.[/quote]

I agree with this part - they brought it up so you should be able to express your feelings about it. If they weren’t open to your opinion, they should e kept their plans to themselves.

However, do start writing your estate plan based on property you don’t own. Simply express that you think it would be unfair for xyz reasons. And that you had hoped the home would stay in the family.

Prepare to buy out your sister. If you don’t have $500k, you have no say. You can’t cheat your sister out of her inheritance simply because you think the home shoulsobe sold outside the family. She should bend to your wishes. [/quote]

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