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[quote=Anonymous]I would move towards more boundaries by separating the two legal relationships you have going on here.  There is both a 1)trust/trustee/beneficiary and a 2)landlord/tenant relationship.  As much as we feel bonded to our siblings, this entanglement is making things worse for you.

I would find a slightly nicer house for the same or less money by looking farther away from the city where your sister is.  She does not need to commute to a job so she can be a bit more in the fresh air and woods where land is cheaper.  I might even spend more money if I needed to.  The key here is the new house have fresh paint and AC and no raw sewage, so it will last a few more years before the next catastrophe.  I would convince the sister (and friend, sigh) to move to the new house.  Then I would sell the old house (fixed up or not).  The trust now contains money instead of real estate.  Then comes the conflict of interest, so you will need legal advice here to keep things above the board....the money can be used to pay reasonable (maybe even discounted) rent to you as landlord.  Now, as a landlord when you spend money on repairs you can deduct that from your taxes.

Changing your legal situation will help out your kids should anything happen to you.  Think about your estate planning.[/quote]

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