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[quote=Anonymous]The current value of the house is half the House Sibling’s, half the estate’s. So if the house was bought for $1 million and your parents contributed $500,000 toward that price, the estate’s share is now $1 million. The House Sibling gets an equal share of that estate amount, so if there are three siblings, the House Sibling gets $1.333 million and each of the other two siblings gets $333,000. That’s what’s fair. The parents obviously meant for half the value of the house to become part of the estate, or they would’ve handled the whole thing very differently and they would have invested that $500,000 or whatever it is and some other way that would have increased in over time as an investment.

If there’s some wrinkle like capital improvements (ex. House Sibling put in $100,000 for renovations, which in turn increased the house value), House Sibling should be reimbursed for that.

Why does House Sibling think the other two should just sign away their share of the house?[/quote]

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