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

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[quote=Anonymous]The reasons why I can see it being an issue in general

- you said you can’t rent it out because of it being in a private community that doesn’t permit rentals.  This means it can’t be an investment property and it will never pay for itself
- you mentioned it doesn’t have AC or heat - so I could see the weather has to be really nice to even want to use it
- your brother that hasn’t made all the best life choices can’t afford to pay for maintenance for the house so either you are splitting the difference with your other sibling for the amount, willing to pay 2/3rd of the cost for 1/3 ownership,  or have to hope upkeep money is also included with the inheritance 
- you also mentioned it needs some maintenance- not only would you and siblings have to agree on what gets done but also splitting the cost and the timing
- your DH is not going to want to go up, both because he doesn’t like the cabin and because he makes zero effort with your family.  So short of it being a special event that maybe you can convince him to go, you would likely be going by yourself to either meet up with your family or if it is suitable to be a setting for a girls trip to lake cabin (not sure if it’s in that kind of condition or location for non-family to want to go there)

I do agree that your DH should NOT be able to dictate what you do with your inheritance.  You do have to be able to look at it rationally if the gift will cost you more in terms of money and drama than the yearly use and pleasure derived from enjoying the property.  I wouldn’t even look at it as how much it is worth when you sell because because it sounds like the goal would be to keep it in the family and no guarantee any siblings would agree and afford to buy the others out or sell it to someone outside the family.

Bottom line, from a financial point of view, how much will it cost you in terms of inheritance taxes, yearly property tax, insurance and maintenance and are those costs in the ballpark of a hobby like having season tickets to see an NFL team or something like golf being your hobby or is it a bottomless money pit?  If financially it’s not more expensive than a lot of hobbies, just make sure you work through how to make sure there aren’t issues with using it, liability, and how to make sure you don’t end up with 100% of the costs if other siblings don’t pay their share.
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