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Reply to "When the estate breaks the family"
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[quote=Anonymous][quote=Anonymous]So did the parents understand what they were setting up? It would have made more sense to subtract the original amount (50% of house purchase price) plus x% interest per year. This would avoid an unreported loan or gift. It’s odd that the parents expected one of their kids to pay out the equity in their primary residence upon the parent’s death. If the parents never paid 50% of the property taxes or maintenance then it’s a not a full 50/50 investment. [/quote] OP said parent paid more than mortgage payment. I think parent was likely both trying to be fair and trying to avoid throwing it down with a difficult possibly disordered person themselves. OP, what has your lawyer said? Can they request an order for mediation or partition? [/quote]
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