Reply to Sister wants to keep her house and our moms house

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[quote=Anonymous][quote=Anonymous]Op here. Thanks, all for your insight on this; it’s really appreciated.

The money/sister selling her share isn’t really the issue at hand. Sister has essentially been living in our Moms house for free for the past three years anyways. I know we’ll eventually get the money for my share, but even if we don’t, DH and I will be fine financially without it. ...

Her sons (one lives locally, one lives a 10 hour drive) would be more than happy for her to sell the house and downsize to somewhere smaller. In fact, the local son went to her house unannounced and started purging stuff that she didn’t need, which she wasn’t too happy about.[/quote]

Cut your future losses by selling her your share at FMV   In reality you relinquished control of the property .  The 3 houses are close together.  Close enough the 3 could all be in Rockville through Bethesda.  Think in term of where a realtor mght open a lockbox for potential buyers- same afternoon.

If OP has no kids or step kids and has those 2 nephews as contingent beneficiaries on accounts, insurance , etc it's different than if OP has kids.   Every dime OP spends on the deceased mom house ...property taxes, insurance, landscaper, roof, hvac, siding, new driveway, etc?  Who pays for all that since 2021?

So using the MD City of Rockville tax rates 1,354 that house would be $13,540 is assessed at 1m.  Homestead deduction if that exists for the location?     [/quote]

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