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Reply to "Parents wanting to leave $1M home to sibling"
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[quote=Anonymous]OP, this is tough in many ways. there is a family cottage in DH's family. Only he and his cousin use it in addition to both sets of parents The other cousin and SIL never go there. on more than one occasion, SIL, within ear shot of me, has asked FIL to leave cottage to DH and give her the equivalent in $. He always sidesteps the question and changes subject. When FIlL asked DH, he indicated it is their decision, then said if the cottage were left jointly, he would either buy out his sister's share or join her in request to sell it (the other 2 cousins can afford to buy outright). he told their dad he would not leave her with an asset that does not have worth for her. my guess is that fil will go that route. FWIW, there are books on family vacation property. i think one is called "saving the family cottage." may want to check out as a reference.[/quote]
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