Reply to Less successful sister is acting like she's the de facto owner of dad's beach house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My sister also seems to think I’ll just give her my share of my parents mountain house.  She gave me a major guilt trip about how unless it’s her only home in retirement, she’d never be able to afford her share of upkeep and taxes so how could I possibly be so selfish to not just give it to her so that I could use it a couple months a year.  I was really flabbergasted she thought I’d just give her my half of this very valuable asset that has been in our family for generations simply because i pursued higher paying jobs than her [/quote]

So, you'd rather sell a house that's been in your family for GENERATIONS than go with your sister's plan? That is the only way she can keep it (and you are blaming her for it because her job isn't as lucrative). By the time you and OP sell the damn houses, you will be out considerable money for fees and taxes and will have ruined family relationships. Is it really worth it? Maybe your parents and OP's dad see otherwise?

It seems more prudent to draw up an agreement to keep the house and pass down to children, or to think of it as a long term asset that you can sell after x years, agreed on by all parties, to gain additional growth. [/quote]

No - I’d plan to keep the house and use it as a second home regularly (it’s a second home place).  I could buy my sisters out of her share if she can’t afford it and she could get her own second home or rental or time share or whatever that she can afford.  Her plans shouldn’t count on me just gifting her millions of dollars so that she can live there full time.  Why does she get to count on it being hers when she can’t afford it because she prioritized a job where she always gets off at 3pm whereas I can’t count on it being mine when I could actually fairly pay for it? I’m happy to share fairly, happy to buy her out, but not planning on just giving her a multimillion dollar asset.  That would be giving my money to her kids instead of my own kids which makes no sense [/quote]

Exactly. I'd probably talk to your dad about POA for medical reasons if ever needed. And everyone should have a copy of his will or trust.

I would say sell the properties and divide it evenly to avoid many headaches. That's fair to all. [/quote]

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