Hi there
This is a bit complicated but my sister wants to sell a house in Ireland, she lived in South Africa. The house is register under her name through my Grandfathers will, but my Father has a say in weather the house can be sold or not and is entitled to the rental income of the house. My sister only has full control when he dies.
They have agreeded to sell the house so my sister can buy out hers in South Africa but they need to agree on what percentage they will each get.
My father is 70 years old a control freak and one mean bastard, so my fear is that he will try to screw her for as much as he can. He knows my sister desperately needs the money and will try to use this to get as big a share as he can.
Is there any way of working out what a fair divide would be. Obviously if say he were to live till 85ish thats a loss of 15 years rental income but he could also invest his share of any sale.
Any suggestions would be much appricated, it a tough one I think
This is a bit complicated but my sister wants to sell a house in Ireland, she lived in South Africa. The house is register under her name through my Grandfathers will, but my Father has a say in weather the house can be sold or not and is entitled to the rental income of the house. My sister only has full control when he dies.
They have agreeded to sell the house so my sister can buy out hers in South Africa but they need to agree on what percentage they will each get.
My father is 70 years old a control freak and one mean bastard, so my fear is that he will try to screw her for as much as he can. He knows my sister desperately needs the money and will try to use this to get as big a share as he can.
Is there any way of working out what a fair divide would be. Obviously if say he were to live till 85ish thats a loss of 15 years rental income but he could also invest his share of any sale.
Any suggestions would be much appricated, it a tough one I think