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Real Estate
Reply to "Inheriting house together with sibling...who wants to move in - WWYD?"
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[quote=Anonymous]OP: we are a little older than most posters and have been through this several times with ourselves and with friends. After a parent's death, there are so many strong emotions swirling around. Those who have given in to unreasonable demands/requests tend to bitterly regret it later on. Sometimes it is only a little thing -- like mom's china set. But it tends to fester, and bit by bit it wreaks havoc on the relationship. With an asset such as an expensive home there are so many variables as other posters have noted. It is much better, after the fact to be able to say: I did the fair thing (sold and divided) or I did the simple thing, than to lock yourself into a complicated relationship with lawyers, trusts, administrators and so on. If you would have to sell your own house to finance your sib to have your parents house, then you are really not in the income bracket for something so complex and expensive. Even with a lawyer managing a trust and so on and so on, there is always the "feeling" that it isn't "fairly done" Check out "being executor of an estate" on google and you will see what I mean. Best of luck.[/quote]
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