Reply to Two siblings forced the sale of our inherited beach house and I can't get over it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Then you should have given them their share in cash. This is your fault, not theirs. I assume you couldn’t afford to buy them out?[/quote]

We all have similar HHIs, so it would have been unfair to put the full burden on me and my husband. It was a very fair price but it wasn’t exactly a small sim; ot would have been a stretch for just us. Not to mention they likely would have tried to keep using it, right. I didn’t want that dynamic either. [/quote]

The bottom line is that you don't get to make financial decisions for anyone but you and your spouse.  You do not get to dictate what your siblings do with their money or their inheritance.

You may have loved the beach house, but clearly your siblings did not agree.  Frankly, I know my brother would love a beach house, my sister can't afford one and I have absolutely NO interest in one.  If you were my brother trying to talk me into buying out a family beach house, the answer would have been a firm no and even now, with the value tripled, I would have the same lack of interest in the beach house, other than to constantly nag you about when we were going to sell it and realize that money.  Paper profit does not interest me in the least and if I wasn't using the house, it would just be a horrible burden.  I have enough paper assets that are a burden at tax time, the last thing I need is one more.

If you couldn't afford to do it on your own, and it sounds like you couldn't, then the right decision was made.  I'm on team siblings on this one.  For them, they got their inheritance without six years of financial headaches each tax year.  My spouse has inheritance that that are still trying to extricate themselves from 3 years after my MIL passed.  [/quote]

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