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Best Of
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Re: Family home
In circumstances like these, one can be equally both FAIR and UNFAIR at the same time!! Split 3 ways = fair 2 siblings not being able to realise their financial interest, without a potential fight =…1 -
Re: Family home
It partly depends on the wording of the will but generally where a house is left to three siblings the one in residence will need to buy out the others shares if they wish to continue living there In…1 -
Re: Family home
I believe the usual thing to happen is rather than the physical house being left to you all to share, the value of it is included in the estate, so the house would be sold to liquidate the estate and…1 -
Re: Family home
What one person decides, and what they can actually do (short of going to court), is another matter entirely.1 -
Re: Family home
It would seem not to be the case if OP has concerns that siblings might want to move the rest of their family with them.1 -
Re: Family home
Surely this depends on the age? I can imagine if the beneficiaries are siblings age 18, 20 and 22 they may well be happy co-habiting for a few years.1 -
Re: Family home
If you were hoping you could stay in the house then unless the will.specifies that you would not have a right to stay. And any one of the three beneficiaries could decide to force a sale but that wou…1 -
Re: Family home
If you decided to cohabit then yes at any point one person could decide they wanted to sell, in my understanding.1 -
Re: Family home
and it will be up to whoever is named executor of the will to decide which is the best way to meet the criteria specified in there....1 -
Re: Family home
There are really only two practical options. 1. Sell the house and split the proceeds (the will could actually be specific about this) 2. You buy out your siblings share and stay put.4
