Anonymous wrote:You don’t co-own it, your wife is the owner. Her inheritance, not yours. So her decision.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Who owns the beach house?
OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.
Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.
OP here.
My wife and own the house jointly.
For tax purposes (knowing this was how we would divide the assests before executing it) he agreed to a larger share of the main house sale in exchange for signing a quit claim deed on the beach house. He has no ownership rights whatsoever.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Who owns the beach house?
OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.
Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.
From OP's description, he never had an interest. There were three properties in the estate. Two were sold. When the proceeds were split, the brother received $400k more instead of a half share of the beach house, which then passed from the estate to OP's wife (and then to OP jointly). There is no need to make this complicated at all.
If northern nam is on the deed he still owns half.
Brothers name
Anonymous wrote:
OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.
Learn to read.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Who owns the beach house?
OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.
Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.
Anonymous wrote:Anonymous wrote:
OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.
Learn to read.
We have asked him several times who owns the property on paper, and he has not answered that question. He has just alluded to an unequal distribution of profits from the sale of two other properties and the fact that he and his wife pay for and provide all of the upkeep.
Anonymous wrote:Why not just offer to let him use the vacation house for the price of utilities and cleaning during his stay? Or charge him rent?
Anonymous wrote:
OP said pages ago that he AND his wife have owned the beach house for 4 years. The BIL is not the legal owner. OP is, and his wife, jointly.
Learn to read.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Who owns the beach house?
OP here. My wife and I own the house and have for 4 years. We pay the taxes, the insane insurance, and I alone handle all of the repairs of which there is plenty. The upkeep runs about 10 grand a year minimum and I easily spend a week's labor dealing with the petty stuff like plumbing leaks, rotted deck board, replacing shingles, grading the drive, dock repairs, etc. As anyone who owns a beach house will tell you- the upkeep is constant. Salt water and wind destroy most things.
Who owns this house on paper? Was there an actual transaction recorded whereby he transferred his interest in the property to you and your wife? If not, then you need to consult a lawyer and work this out before you try to deny him physical access to the house.
From OP's description, he never had an interest. There were three properties in the estate. Two were sold. When the proceeds were split, the brother received $400k more instead of a half share of the beach house, which then passed from the estate to OP's wife (and then to OP jointly). There is no need to make this complicated at all.
If northern nam is on the deed he still owns half.
Brothers name
Op hasn’t confirmed, but that’s unlikely. Why would they have put the brother’s name on the title when they bought him with the estate proceeds?