Reply to Husband wants to dictate what happens with property I’m set to inherit

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[quote=Anonymous]It is entirely possible that you won't inherit this place because your father will need to sell it to cover old age expenses. This really does not need to be settled now.

Having said that, your dad could talk to a good estate attorney about putting the house into an LLC or a trust or both. One, two, or three of the siblings could be LLC managers or trustees . If he includes the neer do well bro as a trustee, you and the other sibling could vote against him. Or he could give the neer do well bro ownership interests but not Class A voting rights or trusteeship.

Having it in an LLC also helps protect your personal assets from anything to do with the house, and having it in trust somewhat protects it against brother's potential creditors.

I know this because I've owned property with siblings. It was a PITA. We sold. But it was just land none of us ever used, so while we did have sentimentality about it, the reality is we rarely went there. So not quite your situation.

I do think your DH has some say if a decent amount of marital assets will be used to pay for upkeep, etc. Hopefully you can use inherited assets. There might be a way for an estate attorney to allocate funds for upkeep in the trust.[/quote]

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