Reply to Two siblings forced the sale of our inherited beach house and I can't get over it

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[quote=Anonymous][quote=Anonymous]Property was co-owned by our father and uncle. No messy drama. During estate at the end of our dad's life, we were offered the opportunity buy out our uncle for a very fair sum we could all afford. My husband and I wanted to, but my two siblings and their spouses said no. Not only did I know the property would never depreciate, I thought it was important to let our dad stay there with his limited time and also keep the family tradition going. Siblings didn't care, they wanted the cash, so the property was sold.

Now six years later the property is worth three times what it was. We would have millions in equity between the three of us if they listened. In addition, the family tradition was lost. I think it broke my dad's heart before he died that he couldn't spend his remaining months there and know it was staying in the family. It infuriates me so much, especially during a holiday week like this. And siblings have a tenancy to complain how expensive a beach house rental is for their family in the same area.[/quote]

Many times it makes sense for elderly owners of different branches to sell the shared property in advance of one of the partners dying.  My grandmother, uncle and uncle (her two brothers) owned an oceanfront beach house in Beach Haven NJ for decades.  The uncle who was a lawyer advised that the house be sold before one of them passed to simplify estate situations.[/quote]

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