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Reply to "When the estate breaks the family"
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[quote=Anonymous][quote=Anonymous]So for easy math: House Originally cost $500K Parents paid $250K If house sold now would sell for $1M Parent invest worth $500K Sibling who lives in the house wants the house not to be a part of the estate calculation (the $250 was a gift) A sibling who does not live in the house thinks the $500K should be divided among all. (The logic being if the $ was not in the house, it would have been in another investment and grown anyway)[/quote] sure but it’s not “logic.” this isn’t some kind of logic puzzle or ethics connundrum. 50% of the house belongs to the estate and the law & will decide what happens to it. [/quote]
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