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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents are moving and want to give one of my siblings their current house (worth a few million) which this sibling would use as their new primary residence. We all have families and all own our homes, but have mortgages. We also all work, as do our spouses. My parents have floated that if this property transfer occurred they would take the market value of the house when they deed it over to sibling out of that sibling's portion of their estate. However, I don't think that this is fair. This sibling will not only have a huge asset and no mortgage in their 30s, they will be able to take the equity from the sale of their other house and put it into the market where it will grow exponentially. When the rest of us inherit our portions of the estate, the house will be worth considerably more than it is now and the sibling's equity (if put into the market) will have also grown considerably. I have not said anything yet, but I think that if this sibling is given a home worth a few million that the other siblings should be given the same amount in stock/cash. Does this sound fair? Is there anything I'm not thinking of here?[/quote]

Two things you are not thinking about:

1.  How greedy you are. 
2.  How it is none of your business what your parents do with their money.[/quote]

Why is OP greedy? Fairness and wanting equal distribution is not greed. If anything, sibling is greedy. Obviously the parents can do what they want with their money, but if they want to avoid resentment and conflict and estrangement, they would be wise to come up with a plan for equal distribution. Talking to an estate lawyer may be warranted.[/quote]

Oh come on.  OP is greedily trying to get as much of her parent's estate for herself as possible, focusing on making sure her sibling does not get more than her.  [/quote]

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