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My
mother passed away and left her house to me and my two sisters. One sister is planning on moving in. Can she just move in without paying me my third of the house?
mother passed away and left her house to me and my two sisters. One sister is planning on moving in. Can she just move in without paying me my third of the house?My best advice after our family going through the same thing (my father and his 2 sisters). They all 3 sat down and had a meeting. It was agreed that sister 1 could live in the house and pay fair market rent, slightly lower due to income. HOWEVER, that paid rent went into a trust account. This account was then divided amongst all three parties when the home was sold, PROVIDED that sister 1 left the house in as good a condition when moved into. If not, the money in escrow went towards repairs. It worked out awesome. This way nobody was mooching off anyone, and in the end sister 1 got a little of her rent money back. GET A LAWYER TO SIGN ALL AGREEMENTS AND PAPERS so someone can’t change their mind suddenly.
