It’s not necessarily going to cause a problem because the people who inherit aren’t obligated to hold on to their portion. They can be bought out or they can give it away. My dad is signing over his portion of his mother’s house to his niece. So are the rest of his siblings. My dad doesn’t want the house or any proceeds from the house and neither do his children. My maternal grandparents house was left to all their children with the agreement that my mom could live there as long as she wanted while paying the taxes and insurance because she was living with them when they died. When my mom decided it was too much house for her the family decided to give to my cousin the house. We had a neighbor whose granddaughter had been living with her when she died and helping care for her. She died and aunt kicked her out to rent the house out. Cash grab.
My Grandparents deeded the family cabin to their 3 sons. SAME scenario! One brother got out quickly. One brother decided to live there, and my Dad and his brother ended up going to court. It was not a happy ending. I hope they have a happier ending. Moral of that story - never deed property to all of your children.
I was lucky in that way. Years ago I pleaded with my parents to be specific in their will. Not to leave a problem in my lap, to have to go through court system and deal with my sibling, as we are like oil and water. They were kind enough to listen and divided their assets equally between the two of us and no drama. Praise the Lord.
@@CecileEdwards Common sense is not common nor is it static - back in the day and depending on the society it used to be common sense to leave everything to the eldest inheritor whereas we do things differently. Plus who are you to tell anyone "not" to praise the Lord as if they asked for your input? Mind your business.
I told both of my parents that I don't want anything when they die. Just give it to the church, charity, or my siblings. I don't want to have to deal with the drama.
Your brother has zero character, and is abusing you and your siblings. He traded your relationship for free rent. You all need to legally force the sale and be rid of this mess.
In his will, my husband's father gave his lake property to his four children. What a mess! Each was supposed to put some of the money they received from his IRAs into a fund to pay taxes & maintenance. One had to have his/her arm twisted to do this. One never contributed. One had their house repossessed, then moved into the lake house after the other 3 specifically told them not to. Eventually, the three had to threaten to sell the lake house to get the squatter sibling to move out. My husband and I bought out the other three, who all got a nice chunk of money. There were hard feelings for a time, but eventually love for family mended hearts.
My mom is 11 of 12. My grandma plans to leave the house to all the kids. I think it's a HORRIBLE idea. Leave specific instructions or sell it and divide it all. It's too much of a headache.
So true. Parents always assume it will all be Kumbaya my Lord between siblings. But they forget greed and money takes all the love of the tables. Like my sister and her greedy husband who are deeply in debt already tried to rob my parents multiple times from hundreds of thousands of dollars. Imagine what they would be capable of when my parents perish…
The sooner you can get out of this the better. I had a 3rd of an interest in a property with my siblings and as soon as the option became available to me I sold my 1/3 stake. Now I had no emotional attachment to this property (it was an uncles house), so I offered my siblings the opportunity to buy me out at market value and they took it. They still jointly own the property and rent it and split the income, and cost. I don't resent them, they don't resent me (from what I can tell). I took my proceeds and invested it and I am still making a good return. Get out of this ASAP, this has family mess written all over it just like my situation did. Good luck.
He wouldn't be invited to Thanksgiving or Christmas if he was part of my family. You don't get to take a good thing the parents did for their kids and turn it into a bad thing without consequences. The fact that he is actively ducking communication proves he knows what he is doing.
I think it's important to mention that the relationship is already strained he's completely ignoring them already so I'm sure he doesn't care if he's invited to Thanksgiving or Christmas
When my parents died their assets included a house which was worth about 800K, at the time my brother was living in the house part time. I was the executor and was working with a lawyer to resolve the will. My brother was trying to decide if he would buy me out... this continued for about 6 months and still no decision. He then said that he wanted at least 2 years to decide, while the estate continued to pay for utilizes and maintenance. His next big idea was that I would just give him my 50% ownership of the house... I am so glad that I did not fall for that because I would be the situation the caller is describing. All joint assets need to be sold so that the cash can be divided before the estate is closed. You might love and trust all of your siblings at this point, but none of us know what the future will bring.
If any concessions or repairs are made for a sale to occur, that should come out of the past due "rent" owed by the one sibling up to the amount he owes.
My wife is one of five siblings, and it appears that they will jointly inherit their surviving mother's house in Hawaii. I absolutely dread it. I think that it is rarely a good idea.
I wonder if there is some kind of family trust situation that's better, but I think Mom would have to allocate some resources to the trust to maintain that property in perpetuity. Then the family has a house to use and manage in Hawaii. That could be good. In my area, it's lakefront or oceanfront cabins from grandparents or parents that are now $million dollar+ assets. What is the best way to set up something forever?
My 77 year old dad has 4 rental properties and no estate planning in place. I’ve talked to my dad several times and am met with the same “Yeah, yeah, I’ll do it.” with nothing done so far. Between me and my brother it may be a drawn out probate and several thousands to the state if he passes with nothing drawn up. 😓
He's not paying or giving you the silent treatment just like ANY other deadbeat renter. They all have one thing in common: they are doing this because they already know they will be kicked out. They are just trying to extend the time. An eviction or forced sale will not be a surprise to them whatsoever, even though they will claim otherwise.
Always at least 1 a**hole that destroys the family to freeload 1 people please terrified to say anything against him The same thing happens to my mother right now. He lives for 15 years and no rent for the other 3 siblings. Disgusting
My father in law left a property divided among 6 (yes six! children) but the property couldn't be sold because my mother in law kept ownership of the animals (1250 of them). And that property has nearly caused our Separation because for me it's a misery. Definitely not a blessing to us and I don't know what they were thinking.
"Family houses" like this are nearly always a curse. When multiple people own a residential property, there are just so many things that can go wrong in terms of personality clashes, allocation of expenses, and allowable uses. Regardless, presuming all of the other siblings are on-board with selling the home, they should do what is necessary to force a sale. If they are not, then perhaps the caller should convey her interest to the other siblings and walk away. I wish they would have asked the caller what her finances are like generally. The amount of effort she should put into this situation is directly related to that.
My mom had a couple of life insurance policies, a very small sliver of land and personal property. My brother was executor, he and my sister took all. Until, 18 years later with some murmering from me to our aunt about my getting a lawyer he sent me a check in rhe amount of my " share" for the sale of the property that took place a few years before. I dont speak to either sibling. Once a bully always a bully. Oh and yeah I'm the youngest and took care of our mom.
A judge forcing the sale wouldn’t be able to take back rent out of his share, unless there was a formal contract stating that he was to pay rent. They gifted that money to him at this point, unfortunately.
Amy, sell the place and when the money comes in from the sale, you subtract the amount of rent he owes from his portion and distribute that much to the other 3 kids. That's 6k per kid!
I want to:thank my therapist who helped me navigate a similar situation. All siblings were left the family home. I set up a 30, 90, 6 mo and one year plan. All were adults with independent lives and agreed to it. Within one year we sold the house and split the proceeds. Were there tense times, yes. Did we hurt feelings, yes. But to this day we are a family. And closer knit as a result
If the family was raised to work together as a unit and not every man for himself, this would be a real blessing. I know this because I tried many times over they years a long time ago to get my brother to realize and look at the families who do work together and prosper. He was not going to cooperate, so today he is living life a miner in the 1800s off in a rural, nowhere place in a shack. All he did was damage himself with his "Every man for himself" attitude that America is suffering from. Americans also act like the Lord Of The Flies and not like intelligent countrymen.
Yes, parents and children should have had a clear understanding of what would happen once the children took ownership. No! Don’t sell before parents die. They are on the hook for capital gains based on their original purchase price. Sell the property the day after last parent dies. Step up in basis. Capital gains are owed only on value increase since date of death (yesterday).
I believe it’s very difficult to evict someone in Texas, especially if their name is on the deed and there is no written agreement amongst the owners. Good luck.
My Mom but the family home in a trust to be divided among 8 kids. Biggest nightmare. Do Not Ever do this to your kids. And can you imagine if one of us dies before the house is sold? Giving a clear title is a is tough under these circumstances.
I have a similar problem, my grandma own a house and she have two daughters , if she doesn’t sell it neither my mom or my aunt is going to sell it, and the house it’s going to be lose because my mom wont pay the taxes and my aunt doesn’t live in the country, i just hope that I don’t end trying to solve the issue. I hope my grandma sell it. But she seams to not want to.
1) if he's on assignment with the military, they are seriously going to need an attorney to do anything in an official manner. Military will protect him as long as he's on assignment with them. Now - perhaps if they can show lack of payment in an "official manner", they will require him to settle his debt. But you really need serious legal leadership. And bully's are only bully's because they get away with it. The three need to stand up and act like owners. Or, just give it to him and let it go. Who knows what the attorney would cost. Personally, I'd have my name taken off the deed and let the others manage their own choices.
All this drama over $50K each? Please. I'd spend some effort to get out of it, but I would assume I'm not getting anything and walk away. Might be a different story if this was a $12M oceanfront home, but geez.
Filing for a court ordered sale of the house is not difficult. And it's what should be done. She has legal rights to the estate so their court will force the sale of the house and divvy her share.
His rent comes off his share, and so should the devaluation from lack of upkeep. Does he have health issues? Are you all willing to loose a brother over the money? I am not saying you shouldn't have it out with him, but just do it with your eyes open. I have left my house to my two kids with the elder have a six month option to buy out her sister. If she cannot, her sister has the same option. If neither can exercise their option in turn, it gets sold and split. I hate getting a gift card that isn't enough to pay the tab!
If they like coowning a house, they could force the house sale and choose to buy a house with the 3 siblings only. I’d say sell and just go on vacations together.
I wonder if there is some kind of family trust situation that's better. In this case, sell this Texas property and move on. In my area, it's lakefront or oceanfront cabins bought by grandparents or parents that are now $million dollar+ trophy assets that could be enjoyed forever. What is the best way to set up something for "forever"?
So the house is declining under the weight of deferred repairs, status of property taxes and insurance sounds kind of iffy. They are going to have to fix stuff up to make it sellable. I'd say squatter bro should have his rent arrears deducted from his share of the eventual proceeds, and if the ongoing expenses like taxes and insurance were not covered equally than that needs to be settled also. Unless the house is a dump I would question that it's only worth $200,000
As someone who wrote software for gift cards. It is a not the best use of your money. You’d be surprised how many people never use them, companies setup “expiration policies” to claim that money back and it is reported on the books as deferred revenue. You just donated your HARD EARNED $$$ to a major corporation. Give CASH. Don’t believe me… ask yourself …why is EVERY COMPANY now offering a gift card? When you see a display? It’s an interest free loan and most they never have to pay back.
You don’t pay rent on a home you have ownership in. Thats not enforceable. She has some kind of resentment towards her brother and should offer him to buy her portion. If he can’t afford to then force the sale and walk away
@@V.Hansen.that may be but then ask him to pay insurance and taxes. Don’t take money from him and call it rent. Thats not enforceable. It sounds like they needed a lawyer a long time ago and now what was suppose to be a blessing is now a curse
@ they are asking him. He refuses to even talk to them now. You’re right they let it go on too long and never should have let go outside of the agreement in the first place.
She needs a lawyer. She's calling in from Canada. The property is in Texas. Her rights, and anyone else's obligations toward her, might not be as legally strong as she thinks.
If he served in the military, he may have problems adjusting, or can't afford another place. Maybe visit him and see how he is doing, but be kind, he is your brother, that is just a house.🙏❤️🤔
That brother doesn’t care about his other three siblings, so it’s not going to hurt him to pull 3 against 1 and sell it so he’s no longer using a shared asset to get a free ride. At least with $50k from the sale, you can invest it.
It still has value. 200,000 estimated so an asset. If you own property you live in it is an asset even though you may or may not see gain on it, just not an income producing asset
I need advice should I keep my truck 2018 ram 100k miles (keep in mind I need to do it’s big maintenance soon and buy new tires I owe 18k on it value probably around 11-15k for the truck so I’m upside down Or should I get a new car / truck idk new or used I make around 110k a year live in CA btw please need help …..
Or you all buy him out, and if he wants to stay, he'll pay $1000 a month for maintenance and profit amongst the NOW 3 OWNERS. If he's not cool with it, he needs to be out 30 days after the buyout.
I'm beyond thrilled to see your progress! From 14k to 200k in such a short time is amazing. Would love to hear about your journey and the key decisions that led to this success.
Motivated by others' investment successes, I'm seeking ways to boost my income and independence from government support. What investment options or side hustles would you recommend?
I'm desperate to turn my finances around. I've been working three jobs just to pay off debt. Can someone please share contact or information? I need her help.
I'm forever grateful to Elizabeth Marie Hawley, whose expertise and mentorship transformed my financial life. Her selfless support helped me reach my goals and secure a brighter future.
Emotionally messy situation. Simple answer. Have a lawyer help you file a partition which is a court order forcing the sale of the house. The brother will not be a good faith player and engaging him will be a nightmare. Don't engage your brother in any form of writing such as text messages. Just let the court force the sale. This is a business transaction now
Force that guy out of there and take the money he didn't pay you all out of any money you make when you sell that house. He's a bad guy and now you know.
@ but he’s not even at the house HE IN THE MILITARY something is off about this story I think this particular sister needs money and the other two don’t really care. Maybe he doesn’t answer because he is deployed. Something about this story is off to me
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Leaving one house to multiple people is stupid. Either pick one person or sell the house and divide the profit evenly.
It's fine to leave it, but they need to sell it right away
Yeah this was done with good intentions but man this is going to get messy
It’s not necessarily going to cause a problem because the people who inherit aren’t obligated to hold on to their portion. They can be bought out or they can give it away. My dad is signing over his portion of his mother’s house to his niece. So are the rest of his siblings. My dad doesn’t want the house or any proceeds from the house and neither do his children.
My maternal grandparents house was left to all their children with the agreement that my mom could live there as long as she wanted while paying the taxes and insurance because she was living with them when they died. When my mom decided it was too much house for her the family decided to give to my cousin the house. We had a neighbor whose granddaughter had been living with her when she died and helping care for her. She died and aunt kicked her out to rent the house out. Cash grab.
My Grandparents deeded the family cabin to their 3 sons. SAME scenario! One brother got out quickly. One brother decided to live there, and my Dad and his brother ended up going to court. It was not a happy ending. I hope they have a happier ending. Moral of that story - never deed property to all of your children.
I was lucky in that way. Years ago I pleaded with my parents to be specific in their will. Not to leave a problem in my lap, to have to go through court system and deal with my sibling, as we are like oil and water. They were kind enough to listen and divided their assets equally between the two of us and no drama. Praise the Lord.
No praise you’re common sense for looking to divert a possible problem!
@@CecileEdwards Common sense is not common nor is it static - back in the day and depending on the society it used to be common sense to leave everything to the eldest inheritor whereas we do things differently. Plus who are you to tell anyone "not" to praise the Lord as if they asked for your input? Mind your business.
Wise parents!
I told both of my parents that I don't want anything when they die. Just give it to the church, charity, or my siblings. I don't want to have to deal with the drama.
Give it to dog pounds they are really in need and it gets dogs with no homes off the streets!
Your brother has zero character, and is abusing you and your siblings. He traded your relationship for free rent. You all need to legally force the sale and be rid of this mess.
A bully is about the nicest thing you could say about him!!
Moral of story is to leave a will well prepared don’t let it be a curse but a blessing
Do Not leave real estate by a Will.
I use a Beneficiary Deed.
Oh boy you hit the nail on the head! Bless your kids individually not together it soooo often comes back to bite them
Leaving a common asset to a bunch of kids is cruel.
In his will, my husband's father gave his lake property to his four children. What a mess! Each was supposed to put some of the money they received from his IRAs into a fund to pay taxes & maintenance. One had to have his/her arm twisted to do this. One never contributed. One had their house repossessed, then moved into the lake house after the other 3 specifically told them not to. Eventually, the three had to threaten to sell the lake house to get the squatter sibling to move out. My husband and I bought out the other three, who all got a nice chunk of money. There were hard feelings for a time, but eventually love for family mended hearts.
My mom is 11 of 12. My grandma plans to leave the house to all the kids. I think it's a HORRIBLE idea. Leave specific instructions or sell it and divide it all. It's too much of a headache.
So true. Parents always assume it will all be Kumbaya my Lord between siblings. But they forget greed and money takes all the love of the tables. Like my sister and her greedy husband who are deeply in debt already tried to rob my parents multiple times from hundreds of thousands of dollars. Imagine what they would be capable of when my parents perish…
It's best to inherit and then sell. Check out cost basis on inherited property.
Good lord 12 kids
The sooner you can get out of this the better. I had a 3rd of an interest in a property with my siblings and as soon as the option became available to me I sold my 1/3 stake. Now I had no emotional attachment to this property (it was an uncles house), so I offered my siblings the opportunity to buy me out at market value and they took it. They still jointly own the property and rent it and split the income, and cost. I don't resent them, they don't resent me (from what I can tell). I took my proceeds and invested it and I am still making a good return. Get out of this ASAP, this has family mess written all over it just like my situation did. Good luck.
get out while the getting is good! well done sir
It called a partition. File it with the Court, and it will order the property sold. It is simple.
Before my father in law passed he told the 5 kids that he wanted them to sale the property or buy each other out if one wanted the house
He wouldn't be invited to Thanksgiving or Christmas if he was part of my family. You don't get to take a good thing the parents did for their kids and turn it into a bad thing without consequences. The fact that he is actively ducking communication proves he knows what he is doing.
I think it's important to mention that the relationship is already strained he's completely ignoring them already so I'm sure he doesn't care if he's invited to Thanksgiving or Christmas
When my parents died their assets included a house which was worth about 800K, at the time my brother was living in the house part time. I was the executor and was working with a lawyer to resolve the will. My brother was trying to decide if he would buy me out... this continued for about 6 months and still no decision. He then said that he wanted at least 2 years to decide, while the estate continued to pay for utilizes and maintenance. His next big idea was that I would just give him my 50% ownership of the house... I am so glad that I did not fall for that because I would be the situation the caller is describing. All joint assets need to be sold so that the cash can be divided before the estate is closed. You might love and trust all of your siblings at this point, but none of us know what the future will bring.
Leaving behind a home to multiple off springs just sounds messy.
If she goes the legal route, then a judge will likely just force the sale of the house.
If any concessions or repairs are made for a sale to occur, that should come out of the past due "rent" owed by the one sibling up to the amount he owes.
Or he buy's them out.
Not a bad option. Otherwise he will keep this going forever
@ryan_DeWitt random, but your back is nuts
Who is paying taxes and insurance?
I know who isn't...
Whoever's paying should be the owner.
@@majorlagg9321 😂😂😂😂😂
My wife is one of five siblings, and it appears that they will jointly inherit their surviving mother's house in Hawaii. I absolutely dread it. I think that it is rarely a good idea.
I wonder if there is some kind of family trust situation that's better, but I think Mom would have to allocate some resources to the trust to maintain that property in perpetuity. Then the family has a house to use and manage in Hawaii. That could be good. In my area, it's lakefront or oceanfront cabins from grandparents or parents that are now $million dollar+ assets. What is the best way to set up something forever?
Yea will need to sell it problem is one sibling always wants to keep the house. If they want it they can buy out the other 4 siblings.
@@markg999 Yeah, often that is the sibling presently living there, as is the case here.
My 77 year old dad has 4 rental properties and no estate planning in place. I’ve talked to my dad several times and am met with the same “Yeah, yeah, I’ll do it.” with nothing done so far. Between me and my brother it may be a drawn out probate and several thousands to the state if he passes with nothing drawn up. 😓
He's not paying or giving you the silent treatment just like ANY other deadbeat renter. They all have one thing in common: they are doing this because they already know they will be kicked out. They are just trying to extend the time. An eviction or forced sale will not be a surprise to them whatsoever, even though they will claim otherwise.
Court… force sale. Sad so many of these situations where 1 selfish person screws over other siblings and enabled by some parent etc
Always at least 1 a**hole that destroys the family to freeload
1 people please terrified to say anything against him
The same thing happens to my mother right now. He lives for 15 years and no rent for the other 3 siblings. Disgusting
My father in law left a property divided among 6 (yes six! children) but the property couldn't be sold because my mother in law kept ownership of the animals (1250 of them). And that property has nearly caused our Separation because for me it's a misery.
Definitely not a blessing to us and I don't know what they were thinking.
"Family houses" like this are nearly always a curse. When multiple people own a residential property, there are just so many things that can go wrong in terms of personality clashes, allocation of expenses, and allowable uses. Regardless, presuming all of the other siblings are on-board with selling the home, they should do what is necessary to force a sale. If they are not, then perhaps the caller should convey her interest to the other siblings and walk away. I wish they would have asked the caller what her finances are like generally. The amount of effort she should put into this situation is directly related to that.
Jade's style is stunning. I love it!!
Jade is beyond stunning! In so many ways. My goodness.
Try to stay on $$ topic. Yes Jade is beautiful. But has nothing to do with answering the caller
My mom had a couple of life insurance policies, a very small sliver of land and personal property. My brother was executor, he and my sister took all. Until, 18 years later with some murmering from me to our aunt about my getting a lawyer he sent me a check in rhe amount of my " share" for the sale of the property that took place a few years before.
I dont speak to either sibling. Once a bully always a bully. Oh and yeah I'm the youngest and took care of our mom.
Omfg. The amount of sons put in charge of all the money and daughters that do all the work!
Sell the house and deduct what he owes from his portion of the sale. If his portion is zero, it is he fault!
You cannot sell it without his permission too.
Legal route, judge forces sale most likely @@jimmymcgill6778
A judge forcing a sale won’t need his permission.
@@aao449 ANd the sellers cannot just decide to sell them on their own.
A judge forcing the sale wouldn’t be able to take back rent out of his share, unless there was a formal contract stating that he was to pay rent. They gifted that money to him at this point, unfortunately.
Leaving a house/property to joint beneficiaries is a Bad Idea. Leave clear instructions in your Will to sell the house and split the proceeds.
Amy, sell the place and when the money comes in from the sale, you subtract the amount of rent he owes from his portion and distribute that much to the other 3 kids. That's 6k per kid!
I want to:thank my therapist who helped me navigate a similar situation. All siblings were left the family home. I set up a 30, 90, 6 mo and one year plan. All were adults with independent lives and agreed to it. Within one year we sold the house and split the proceeds. Were there tense times, yes. Did we hurt feelings, yes. But to this day we are a family. And closer knit as a result
If the family was raised to work together as a unit and not every man for himself, this would be a real blessing. I know this because I tried many times over they years a long time ago to get my brother to realize and look at the families who do work together and prosper. He was not going to cooperate, so today he is living life a miner in the 1800s off in a rural, nowhere place in a shack. All he did was damage himself with his "Every man for himself" attitude that America is suffering from. Americans also act like the Lord Of The Flies and not like intelligent countrymen.
Yes, parents and children should have had a clear understanding of what would happen once the children took ownership. No! Don’t sell before parents die. They are on the hook for capital gains based on their original purchase price. Sell the property the day after last parent dies. Step up in basis. Capital gains are owed only on value increase since date of death (yesterday).
Agree, an Applebee's gift card would be an unwanted gift. 😂
It's a liability for the other 3 siblings that don't live there
I believe it’s very difficult to evict someone in Texas, especially if their name is on the deed and there is no written agreement amongst the owners. Good luck.
Not an eviction (not that hard in TX) a dissolution of a partnership
My Mom but the family home in a trust to be divided among 8 kids. Biggest nightmare. Do Not Ever do this to your kids. And can you imagine if one of us dies before the house is sold? Giving a clear title is a is tough under these circumstances.
I have a similar problem, my grandma own a house and she have two daughters , if she doesn’t sell it neither my mom or my aunt is going to sell it, and the house it’s going to be lose because my mom wont pay the taxes and my aunt doesn’t live in the country, i just hope that I don’t end trying to solve the issue. I hope my grandma sell it. But she seams to not want to.
Take him to court & the judge will force a sale.
Keep it.
Change the locks
1) if he's on assignment with the military, they are seriously going to need an attorney to do anything in an official manner. Military will protect him as long as he's on assignment with them. Now - perhaps if they can show lack of payment in an "official manner", they will require him to settle his debt. But you really need serious legal leadership. And bully's are only bully's because they get away with it. The three need to stand up and act like owners. Or, just give it to him and let it go. Who knows what the attorney would cost. Personally, I'd have my name taken off the deed and let the others manage their own choices.
the longer you let this go on, the worse it gets.
Force the sale, simple as that
SIDE NOTE: The military pays your brother BHA, tax feee basic housing allowance.
Hey! I love Applebee's 😂
If he refuses to pay a measly $250.00/month he has an attitude problem. Ken is right. He's a bully. Make it all go away.
All this drama over $50K each? Please. I'd spend some effort to get out of it, but I would assume I'm not getting anything and walk away.
Might be a different story if this was a $12M oceanfront home, but geez.
Filing for a court ordered sale of the house is not difficult.
And it's what should be done. She has legal rights to the estate so their court will force the sale of the house and divvy her share.
His rent comes off his share, and so should the devaluation from lack of upkeep.
Does he have health issues?
Are you all willing to loose a brother over the money? I am not saying you shouldn't have it out with him, but just do it with your eyes open.
I have left my house to my two kids with the elder have a six month option to buy out her sister. If she cannot, her sister has the same option. If neither can exercise their option in turn, it gets sold and split.
I hate getting a gift card that isn't enough to pay the tab!
If they like coowning a house, they could force the house sale and choose to buy a house with the 3 siblings only. I’d say sell and just go on vacations together.
I wonder if there is some kind of family trust situation that's better. In this case, sell this Texas property and move on. In my area, it's lakefront or oceanfront cabins bought by grandparents or parents that are now $million dollar+ trophy assets that could be enjoyed forever. What is the best way to set up something for "forever"?
So the house is declining under the weight of deferred repairs, status of property taxes and insurance sounds kind of iffy. They are going to have to fix stuff up to make it sellable. I'd say squatter bro should have his rent arrears deducted from his share of the eventual proceeds, and if the ongoing expenses like taxes and insurance were not covered equally than that needs to be settled also. Unless the house is a dump I would question that it's only worth $200,000
If they can force a sale, they NEED to deduct the deadbeat bother's 6 years of rent from his share!
Unless there was a written agreement about rent they can't deduct anything.
@@NickAndTech Sometimes verbal agreements can be enforced in court (absent ANY written agreements) but it's not easy!
Partition and sell
As someone who wrote software for gift cards. It is a not the best use of your money. You’d be surprised how many people never use them, companies setup “expiration policies” to claim that money back and it is reported on the books as deferred revenue. You just donated your HARD EARNED $$$ to a major corporation. Give CASH.
Don’t believe me… ask yourself …why is EVERY COMPANY now offering a gift card? When you see a display? It’s an interest free loan and most they never have to pay back.
I don't know why she didn't say HOUSE from the start instead of asset.
Jade 🤭. I would have said "⭐bucks".
Thanksgiving in Canada is different from the US
You don’t pay rent on a home you have ownership in. Thats not enforceable. She has some kind of resentment towards her brother and should offer him to buy her portion. If he can’t afford to then force the sale and walk away
250 would cover the taxes and that’s it. He won’t even pay that. What else is he not maintaining? He’s a leach and needs to grow th up
@@V.Hansen.that may be but then ask him to pay insurance and taxes. Don’t take money from him and call it rent. Thats not enforceable. It sounds like they needed a lawyer a long time ago and now what was suppose to be a blessing is now a curse
@ they are asking him. He refuses to even talk to them now. You’re right they let it go on too long and never should have let go outside of the agreement in the first place.
She needs a lawyer. She's calling in from Canada. The property is in Texas. Her rights, and anyone else's obligations toward her, might not be as legally strong as she thinks.
If he served in the military, he may have problems adjusting, or can't afford another place. Maybe visit him and see how he is doing, but be kind, he is your brother, that is just a house.🙏❤️🤔
That brother doesn’t care about his other three siblings, so it’s not going to hurt him to pull 3 against 1 and sell it so he’s no longer using a shared asset to get a free ride. At least with $50k from the sale, you can invest it.
Yeah... there's no $200,000 house in Vancouver
Omg I am in the same situation...
How is this an asset if nobody is paying rent and there is no revenue?
It still has value. 200,000 estimated so an asset. If you own property you live in it is an asset even though you may or may not see gain on it, just not an income producing asset
@ But only one brother, who doesn’t pay a dime, lives in that house. How is it an asset to the other three?
@@carlosmiro4932 they still legally each own 25% so if it got sold today they each get that amount. It's still an asset in the literal sense.
The up speak with this one is strong ugh
Sue to force the sale. It’s time
Olive garden even lol
And when you sell the house, his share is 50K less the rent.
I need advice should I keep my truck 2018 ram 100k miles (keep in mind I need to do it’s big maintenance soon and buy new tires I owe 18k on it
value probably around 11-15k for the truck so I’m upside down
Or should I get a new car / truck idk new or used I make around 110k a year live in CA btw please need help …..
If a judge force sales a house in a scenario like this, can one of the siblings simply buy the house during that force sale? Does that happen?
That’s not how that works. If the 3 want out he has first rights to buy them out. If he can’t then it’s sold and they split the proceeds
@cassandrahuete5973 so in other words, by that time they missed their opportunity
Or you all buy him out, and if he wants to stay, he'll pay $1000 a month for maintenance and profit amongst the NOW 3 OWNERS. If he's not cool with it, he needs to be out 30 days after the buyout.
If he’s in the military call his base and report him. They will handle business and make him pay
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The relationship is over either way.
If he is in the military and a vet this is an east buy they could sell it to him and each get 50 k
The rent is $250/ month?
Not even rent.
It's maintenance money for potential repairs.
And he doesn't even pay that..
Emotionally messy situation. Simple answer.
Have a lawyer help you file a partition which is a court order forcing the sale of the house.
The brother will not be a good faith player and engaging him will be a nightmare.
Don't engage your brother in any form of writing such as text messages. Just let the court force the sale. This is a business transaction now
I personally would find a way to get my name off the deed and I would walk away.
I doubt they did, but it would have been smart to have a contract between the siblings.
Force that guy out of there and take the money he didn't pay you all out of any money you make when you sell that house. He's a bad guy and now you know.
All it takes is one selfish jerk to mess up a good thing.
I would totally take an Applebees gift card.
Great advice. Sell! Geez...there's one in every family :-(
Hard to "bless each one etc." when property is involved. It still has to be sold & distributed. Or the property is divided equally.
Parents should’ve sold it after their death and donated all money to charity and everyone continue to work for their own own home 😂
Is he been paying the taxes? Do you even still have a house 😂
Haha Applebees...... I'm with Jade😂
Sell the house and split the money .hes not going to pay anything since it was inherit to him
Me either, Jade!
J Alexanders is a good place.
fighting over 50K lol . Walk away and enjoy your life.
For some that is a lot of money. Imagine having a 50k medical debt to pay off or a student loan.
That amount of money could set a lot of families up for success. I would put it in a college fund for my kids.
If you don't think that's a lot then give me $1,000. That should be like.pocketchange to you.and you.wont.miss it.
Agreed but family will tear each other apart for even less. Poor people gonna poor
Sell it, split the proceeds except keep what he owes and split amongst the remaining siblings. Done.
She needs a Canadian attorney.
Get an attorney and force the sale. In an effort to save the relationship offer him first right to purchase
Who is paying the taxes? Whoever pays the taxes, does the upkeep and inhabits the property for 10 years wins the deed.
Not paying a $250 amount is a prposeful act.
Hes just taking.
Goid luck with him
I mean he’s in the military thanks for your service sir ❤ 1:51
No reason to be a mooch.
@ but he’s not even at the house HE IN THE MILITARY something is off about this story I think this particular sister needs money and the other two don’t really care. Maybe he doesn’t answer because he is deployed. Something about this story is off to me
@@lilmotown8109 I think you need to listen again.
I like Applebees. I dont want to go to Applebees by myself.
I'll go with you.
Ken went to Red Lobster for Lunch