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Reply to "Splitting inherited car with siblings "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Parent is transferring title to me. I am already the death beneficiary on the title. Everyone has known for years that this was the plan. A sibling and I are POA and named co-executors. We are helping with finances but the parent can still do quite a bit. Yes, I don’t want my siblings to harbor resentment that I am getting a gift and they are not. [b]Our parents made an effort to treat us the same[/b]. [/quote] Did they? [b]Why is only one sibling receiving a free vehicle[/b] if that's the case?[/quote] [b]Because you can't cut a car into 4 equal portions like a piece of cake.[/b] And the car will be useful to someone who needs it.[/quote] [b]Sure you can. It's called selling it.[/b] Not saying that's the best option, but acting like it's impossible to be equal and fair in this situation is simply incorrect. FWIW I think OPs plan is fine. [/quote] If it's sold it's of no use to the child who actually needs it. The sum of the parts is less than the whole.[/quote]
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