Elderly sibling inheritance and double tax question

I am sorry for the loss of your aunt. Whatever solution you come up with, please make sure your father has updated his will on the basis of the new ownership of property.
 
OKGo
Many a side deal between relations turn sour very easy,
we already see uncle been called greedy even though he has suggested to his brother sells his house he appears to be happy to take half of his brothers 450K house to facilitate his Brothers wishes hobbies now other close relations who cannot see how much he is going out of his way to help his brother out are calling him greedy,
 
Dr Strangelove said:
But mainly this is a human problem, not a financial problem.
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This is the key issue.

Work out what your father wants and go for that even if it expensive and tax inefficient.

His priorities seem to be to keep the sheds and to stay in his own home.

So split the aunt's property in two and he takes the sheds as part of his inheritance.

Then sell the aunt's house and pay off the uncle and settle the CAT liability.
 
daisymay said:
My uncle on the other hand is greedy and wants the most money he can get from his share of my aunts estate.
He has no money and will rely on the sale of her house,
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He is not greedy to expect half his sisters Inheritance,

Actually he is being generous to his Brother he is not trying to have a one sided relationship with his brother far from it he is trying his best to facilitate him,
I cannot understand how he can be called greedy, to me greed is expecting to get more than you are entitled to,
If fact he has offered to take less from your father if he wishes to move into his late sisters house,

You appear to be suggesting if your father takes over some of his late sisters estate his brother should be grateful to get 50% of what is left when sold, Can you see how that thinking is not fair on your uncle,

The best way to make sure there is no bad feelings when all this is sorted is for your father to insist his brother gets at least 50% or a little more of his sisters Inheritance for facilitate his brother wishes,

Just like the way his brother your uncle is going at least 50% if not more to facilitate your fathers wishes,
 
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Looking at it the other way around, can the uncle sell his house, move to the sisters house and pay your dad his 50% from the sale of the uncles own house. That way the brothers are living next door to each other and can come to an agreement about the sheds?
 
Brendan Burgess said:
So split the aunt's property in two and he takes the sheds as part of his inheritance.
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May not be that simple for lots of reasons
For a start
first house will need a half acre site,
we don't know where the septic tank is located
we don't know where the water connection is located
we don't know if splitting the property will slow down sale according to op father doesn't like the idea of someone else accessing the sheds it is not just because of the machinery issue he wants to hold on to them ,

Buyers may have the same Issues as op father has when the property gets split,
even if they get a sale we don't know what issues crop up at engineering stage,

DR Strangelove posted this is a human problem not a financial problem,

I suspect the op uncle has the best option already sussed out
The op Father moves into late sisters house this sorts out the Tractor Issue and also sorts out control of late sisters sheds


well it appears to be turning into both a human and financial problem,

The op says one of the brothers has no money and is greedy but I don't think from the posting he is greedy more likely he wants his share as soon as possible and would take a little less than 50% to get it sorted,

Splitting property may make it unsaleable or at the very least slow down both the selling the closing of the sale ,

Of course there are other options if they want which should work out cheaper lots of firms in the agri industry dismantle argicultural sheds and re erect on a different site, or dismantle shed before selling which would sort fear of it being used by the new buyer of there late sisters house,
If you look up the likes of donedeal you will see lots of erected farm sheds for sale and people who take them down for a living,
I am sure the price they get for the shed/sheds standing will cover the cost of a new shed to house any machinery he still has,
The can then sell there late sisters property split the money 50/50 not the property and enjoy the rest of there lives on good terms,

Daisymay
Brothers could put an Add in donedeal/farmers journal .
Looking to sell sheds( as is still Standing )stating Price and must have insurance to take down and remove from property,
They can also look for a price for taking sheds down and not rebuild again
Or build fully or rebuild a section of the buildings on your father property,
The old saying where there is a will there is a way,
 
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