Two brothers inheriting a house - one doesn't want to sell
- Thread starter daisymay
- Start date
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,
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,
Brendan Burgess
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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.
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?
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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Hi Daisymay
your openness in dealing with the replies makes a big difference to posters who take the time and have an interest in helping out
My gut feeling is it has more to do with your fathers wanting to living the rest of his life in his home as close as possible to how he has lived it up to this point in time,
the death of his sister resulting in the selling of her house is causing him to lose the privacy he enjoyed up to now seeing houses were close together,
one option is for him or his family to buy house and leave vacant,
If it has to be sold he need to start making plans to keep as much privacy as possible,
The first thing I will say there is a very good chance there are buyers out there who are looking to live in the countryside and for security concerns are looking for just what is about to go on the market A house with another house close by to feel safer if the happen to find themselves on there own for any reason and yet private enough to feel they are living in the countryside,
One of the things that came up was which house he should keep what I would do is if he was my father is to view both houses trough the eyes of a builder who is putting both houses up for sale and to get the best price needs to make both as private as possible,
Don't do a trump on it America builds the wall and expect Mexico pays for it,
Make plans to build that wall and let your father pay for it it is he who wants the privacy,
Building the wall should increase the value of the house up for sale and the house he holds on to,
But Don't Go Down The Rabbit Hole of Uncle should pay because he would possibly sell for less to get his 50% share as is,
The next thing is hire is an engineer to make sure the planned wall is built in the correct boundary line,
the next thing to do which I expect will open your Eyes is have a look at how private both houses will be after the wall gets built
What I expect you are going to find and may never have noticed before is when houses were built in the country side in the past they one thing that was taken into account was privitcy,
What your going to find is most houses built in the countryside for the want of a better word are built left hand or right hand for privatcy reasons,
In other words if you look out the back windows of both houses as they are as of now I expect you will find they only thing missing to make them private is they never built that wall,
Which house should your father keep I expect there will be very little to choose from as the Builder said to the Laborer take your pick,
Just remember he has control of the wall building for now That passes the day it is put up for sale so get moving so it can be put up for sale
And don't lose sight of the fact with the wall built you are going to attract the kind of Buyers who want privacy just like your father,
As they say in the countryside Good Fences Make Good Neighbors;
Remember also he may be in a better position to pick who will finish up living beside him ,
your openness in dealing with the replies makes a big difference to posters who take the time and have an interest in helping out
My gut feeling is it has more to do with your fathers wanting to living the rest of his life in his home as close as possible to how he has lived it up to this point in time,
the death of his sister resulting in the selling of her house is causing him to lose the privacy he enjoyed up to now seeing houses were close together,
one option is for him or his family to buy house and leave vacant,
If it has to be sold he need to start making plans to keep as much privacy as possible,
The first thing I will say there is a very good chance there are buyers out there who are looking to live in the countryside and for security concerns are looking for just what is about to go on the market A house with another house close by to feel safer if the happen to find themselves on there own for any reason and yet private enough to feel they are living in the countryside,
One of the things that came up was which house he should keep what I would do is if he was my father is to view both houses trough the eyes of a builder who is putting both houses up for sale and to get the best price needs to make both as private as possible,
Don't do a trump on it America builds the wall and expect Mexico pays for it,
Make plans to build that wall and let your father pay for it it is he who wants the privacy,
Building the wall should increase the value of the house up for sale and the house he holds on to,
But Don't Go Down The Rabbit Hole of Uncle should pay because he would possibly sell for less to get his 50% share as is,
The next thing is hire is an engineer to make sure the planned wall is built in the correct boundary line,
the next thing to do which I expect will open your Eyes is have a look at how private both houses will be after the wall gets built
What I expect you are going to find and may never have noticed before is when houses were built in the country side in the past they one thing that was taken into account was privitcy,
What your going to find is most houses built in the countryside for the want of a better word are built left hand or right hand for privatcy reasons,
In other words if you look out the back windows of both houses as they are as of now I expect you will find they only thing missing to make them private is they never built that wall,
Which house should your father keep I expect there will be very little to choose from as the Builder said to the Laborer take your pick,
Just remember he has control of the wall building for now That passes the day it is put up for sale so get moving so it can be put up for sale
And don't lose sight of the fact with the wall built you are going to attract the kind of Buyers who want privacy just like your father,
As they say in the countryside Good Fences Make Good Neighbors;
Remember also he may be in a better position to pick who will finish up living beside him ,
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The uncle is not greedy for wanting his share of the inheritance from the sister. 350K of which he's to pay tax of +/-100K. The father has to come up with 350K if he doesn't want the estate house sold.
You mentioned the uncle has no money, suggesting the Dad does? Has he enough to pay his brother 350K?
The Dad to me wants nothing to change and an empty house to sit there until he dies leaving his brother without his inheritance.
His options are:
- sell aunts house
- sell his house, move into aunts house, and pay his brother the 350K from his house sale
- sell aunt's house with a life interest on the sheds, this might be acceptable to a purchaser, and would reduce the purchase price (still uncle should get 350K)
- sell aunts house, build a wall, build his own sheds - not mentioned if he has land to do so
Given ages it would be terrible to fall out over this. Presumable one house is a farm house, your father's and aunt's house is a site given to her etc. I wonder what the uncle got.
You mentioned the uncle has no money, suggesting the Dad does? Has he enough to pay his brother 350K?
The Dad to me wants nothing to change and an empty house to sit there until he dies leaving his brother without his inheritance.
His options are:
- sell aunts house
- sell his house, move into aunts house, and pay his brother the 350K from his house sale
- sell aunt's house with a life interest on the sheds, this might be acceptable to a purchaser, and would reduce the purchase price (still uncle should get 350K)
- sell aunts house, build a wall, build his own sheds - not mentioned if he has land to do so
Given ages it would be terrible to fall out over this. Presumable one house is a farm house, your father's and aunt's house is a site given to her etc. I wonder what the uncle got.
the simplest way and cleanest way is take down the sheds and be done with
Only issue outstanding then is how much of the building do they they really need to re erect on fathers side,
Selling fathers house with the sheds still standing next door could put buyers off same Issue as fathers no farm land attached to the sheds
question mark still outstanding what purpose could they be used in the future
as I said there are people making a living from taking down farm sheds and putting them up again or selling them on again,
most buyers would run away when the hear the word life interest, Banks would run a mile they have enough problems taking over a house with clear title no point in taking on more risk with no reward,
Rural sites have to be at least half acre seeing it appears to have been part of a farm at one time possibly bigger,
The amount of sheds you need for a tractor and machinery should not take up much site space,
the uprights on sheds taken down are cut at the ground when erected again will be lower so they may be in a position to use some of the shed material on her fathers side as part of the boundary at the back of house,lean to shed,
Only issue outstanding then is how much of the building do they they really need to re erect on fathers side,
Selling fathers house with the sheds still standing next door could put buyers off same Issue as fathers no farm land attached to the sheds
question mark still outstanding what purpose could they be used in the future
as I said there are people making a living from taking down farm sheds and putting them up again or selling them on again,
most buyers would run away when the hear the word life interest, Banks would run a mile they have enough problems taking over a house with clear title no point in taking on more risk with no reward,
Rural sites have to be at least half acre seeing it appears to have been part of a farm at one time possibly bigger,
The amount of sheds you need for a tractor and machinery should not take up much site space,
the uprights on sheds taken down are cut at the ground when erected again will be lower so they may be in a position to use some of the shed material on her fathers side as part of the boundary at the back of house,lean to shed,
Bit confused here. You've said the value of the estate is €700k, the value of the aunts house is €500k and the CAT bill for the 2 brothers is a shade over €200k. That implies that, aside from the house, there are other assets (liquid or otherwise) that could be sold or used to fund the CAT bill?
So to me, this is less about money for your father and more about his quality of life and the sheds in question. I presume at this stage in his life, he doesn't want to move but would he have the room on his own property to build a new shed?
I'd suggest the first thing to do is to get an EA to value all of the properties and especially the aunt's house, with and without the sheds, and the sheds seperatly as well. At least then you have cold hard numbers and will understand from a financial perspective, what the problem is.
If your father was to sell his own house and move into the Aunt's, I'd get a solicitor to get your Uncle to sign a document relenquishing all claims to the Aunt's house and I'd also get some proper tax advice for your father. I'm not saying there is an issue, just that this is unusual enough that professional advice is needed.
So to me, this is less about money for your father and more about his quality of life and the sheds in question. I presume at this stage in his life, he doesn't want to move but would he have the room on his own property to build a new shed?
I'd suggest the first thing to do is to get an EA to value all of the properties and especially the aunt's house, with and without the sheds, and the sheds seperatly as well. At least then you have cold hard numbers and will understand from a financial perspective, what the problem is.
If your father was to sell his own house and move into the Aunt's, I'd get a solicitor to get your Uncle to sign a document relenquishing all claims to the Aunt's house and I'd also get some proper tax advice for your father. I'm not saying there is an issue, just that this is unusual enough that professional advice is needed.