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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you interpret the law to find that each beneficiary is entitled to an equal portion of 50% of the equity then you have to play it backwards too. Lets say it’s 2009 in area that crashed and the value declined 40% would the estate be responsible for 40% of the loss in equity? Would the estate be responsible for 50% of back taxes and maintenance that the parents didn’t pay for over the years? [/quote]

yes of course. which is actually why OP should resolve the situation otherwise House Sibling could let the house go into foreclosure or a tax lien the estate would be tangled up in. [/quote]

This is our concern especially since we can't tell the mental stability of House Sibling.  Last offer from our side in the summer was for House Sibling to get house and the other siblings split the cash funds which are depleted from taxes and lawyers and cost of keeping an estate in limbo for 7 years.  While not exact numbers the House Sibling would get $1 mil+ house in major suburb of major metro area (mortgage left is about $100k) and others would walk with $40k/each in cash.  House Sibling responded in the fall with letter from lawyer saying that HS would have house and the remaining cash in the estate to cover the expenses not paid by estate over the last 7 years.

Due to thinking this through again we are going to have a call with our lawyer (not estate lawyer) and push the issue.  It just needs to end.[/quote]

You need a new lawyer with estate litigation experience. It sounds like House Sib owes the estate several hundred thousand dollars and doesn't have the money without selling the house. [/quote]

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