Anonymous wrote:Keep the cabin, ditch the husband.
Anonymous wrote:Anonymous wrote:It sounds like a more accurate description would be that your husbands wants some say in whether your joint funds are used to maintain this cabin.
I kind of agree with this. If this were a SAHM with a working father about to inherit a joint family property, most here on DCUM would side with the wife that even as a SAHM, it is still joint money that they are spending and she should still have a say in it. It's always telling that DCUM being like 80-90% female always takes the wife's position and doesn't see the hypocrisy when the genders are flipped and their solutions flip, too.
OP--does this family property come with inheritance money as well? If so, then I would make sure to set up the property and inheritance cash in separate accounts that are only in your name, and not joint. Then you can pay for your 1/3 of the upkeep of the property from the inheritance funds and keep that all distinct from marital funds. This is the best way to handle it. If you invest marital funds, then your husband does have a say in the property and you need to come up with a way to reconcile using joint marital funds towards the property that is yours and not jointly owned. That's the best option. If you don't get any inheritance money along with the property, then it becomes harder as you would have to come to some sort of agreement with your husband. Perhaps you can set a cap to the amount of money that goes annually to the property so that he doesn't feel that the cabin will become a suck on your joint resources and prevent the two of you from enjoying your retirement. He is semi-retired and already looking at a lower income. When you retire, you'll also have a lower income. His position is reasonable that he doesn't want joint money, especially as you near your golden years with lower income, to be spent on the property that he has no interest from and doesn't enjoy.
Anonymous wrote:Try to buy out your struggling sibling. Usually someone struggling will take a cash offer. But if he plans to live there you will be in a sticky situation with the family regardless.
Anonymous wrote:Anonymous wrote:OP here. Thank you for all the good suggestions.
I like the idea of setting aside other money I inherit and using that to pay for the minimal upkeep. We aren’t wealthy and this is a really basic cabin; it’s just in a beautiful location and surrounded by many dear old family friends.
The cabin has been jointly owned by siblings in our family for many decades with no major issues. The problem now is that one of my siblings has struggled in life and made unfortunate choices. My husband is worried about the legal implications of owning a property with this sibling. For example, if they were to be sued by someone, could the cabin be seized to settle a lawsuit? I don’t know how this works. I probably need to speak to a lawyer about this aspect.
What is up with the sibling? Are they on drugs? Or just bad with money? Whatever the situation may be with sibling, I think you absolutely should talk to a lawyer and figure out a good solution if you want to own it with siblings. Put everything in writing where all three of you are party to the agreement. Leave nothing up to chance. Protect yourself. What happens if you pay for maintenance and then sibling decides to "just crash for a while" in the cabin? And talk to your husband more. Do you normally have a blind spot when it comes to the sibling? Or is husband usually a jerk?
Anonymous wrote:OP here. Thank you for all the good suggestions.
I like the idea of setting aside other money I inherit and using that to pay for the minimal upkeep. We aren’t wealthy and this is a really basic cabin; it’s just in a beautiful location and surrounded by many dear old family friends.
The cabin has been jointly owned by siblings in our family for many decades with no major issues. The problem now is that one of my siblings has struggled in life and made unfortunate choices. My husband is worried about the legal implications of owning a property with this sibling. For example, if they were to be sued by someone, could the cabin be seized to settle a lawsuit? I don’t know how this works. I probably need to speak to a lawyer about this aspect.
Anonymous wrote:He doesn’t get a veto in this scenario. Don’t cave.