Inheritance problem.

Shelldean

You need to point out to oldest brother that the costs of the apartment should NOT be shared by how many people " share " ownership.
This is what he is obviously doing five siblings own 100% together so each pay 20%.

However he owns 60% alone. And then the other four per 10% each.
So he should be paying 60% of bills and all other siblings pay 10% each!
He owns substantially more therefore should pay more surely?
This needs to be pointed out to him! I feel he's conning all the other siblings to cover what he SHOULD be paying IMHO!

AnotherJoe

Exactly, to make it clear, imagine older brother owned 99% and you 1%.

Would he still argue you share the  costs 50/50 on the grounds there are two of you ?

You need to see the will, maybe mum left 10% of total to you, not just the house. In which case he'll have to coem up with way of giving you 10% he cant just dump 10% the house on you.

-taff

Has anything been mentioned about updating the succession of owership?

sharpe106

 The best of option is to read the will yourself.

 

But it seems like this is separate to the rest of the estate. So if she has left you the house in this way. You do not want it. You do not want to go. Unless you can force a sale or sell it to your other siblings, just give it to your older brother. Nobody else will want you share. You could always suggest to your older brother he takes all the house and you and your other siblings take the equivalent worth out of his share of the rest of the estate.

 

Do you really want to have to carry on paying 10% (as that is all you your share of the costs is) of the costs for ever for something you are never going to use? You are holding onto it for principle, but it will be costing you each year so why bother. All it will be is a drain on your own finances.

onwards&upwards

If he refuses to buy you out and expects you to give up your 10% without any recompense, I'd be tempted to then tell him that 10% of the year is 36 days and suggest that you all come up with a way to divide up the days fairly so that you each get your share of the time. 

You'd be bluffing of course, but might make him realise you have got a backbone and he can't just get his siblings to pay for his Italian holiday home. 

Flugelhorn

onwards&upwards said:

If he refuses to buy you out and expects you to give up your 10% without any recompense, I'd be tempted to then tell him that 10% of the year is 36 days and suggest that you all come up with a way to divide up the days fairly so that you each get your share of the time. 

You'd be bluffing of course, but might make him realise you have got a backbone and he can't just get his siblings to pay for his Italian holiday home. 

Good idea! - really best option would be for someone to buy you out, even better if it is actually a share of the estate you should have and  not just a share of the property. 

pinleycov

-taff said:

Has anything been mentioned about updating the succession of owership?

No, nothing.

Curlylady

Succession will need to be accomplished, you must complete in 1 year from death, up to 5 years with fines (if my memory serves me right) however if you have the option to renounce, seriously consider it.  An Italian property will always come with a lifetime of financial burden, for you and any children you may have, their future.  Trust me from someone with 1st hand experience.  Italian inheritance is complicated.  Good luck.